Investments in Unconsolidated Trading Companies and Private Investment Companies (Tables)

9 Months Ended

Sep. 30, 2025

Investments in Unconsolidated Trading Companies and Private Investment Companies [Line Items]

Schedule of Investments in Unconsolidated Trading Companies

The following table summarizes each of the Series’ investments in unconsolidated Trading Companies as of September 30, 2025 and December 31, 2024:

	As of September 30, 2025					As of December 31, 2024
	Percentage of					Percentage of
	Series Total					Series Total
	Capital Invested in					Capital Invested in
Series	Unconsolidated Trading Companies			Fair Value		Unconsolidated Trading Companies			Fair Value

Frontier Diversified Series:
Frontier Trading Company XXXVIII		0.00	%	$	-		2.42	%	$	23,131
Frontier Masters Fund:
Frontier Trading Company XXXVIII		0.00	%	$	-		4.88	%	$	13,036
Frontier Long/Short Commodity Fund:
Frontier Trading Company XXXVIII		0.00	%	$	-		4.88	%	$	13,179
Frontier Balanced Fund:
Frontier Trading Company XXXVIII		0.00	%	$	-		1.74	%	$	57,707
Frontier Select Fund:
Frontier Trading Companies XXXVIII		0.00	%	$	-		3.06	%	$	17,750
Frontier Global Fund:
Frontier Trading Company XXXVIII		0.00	%	$	-		3.64	%	$	32,387
Frontier Heritage Fund:
Frontier Trading Company XXXVIII		0.00	%	$	-		3.70	%	$	42,692

Schedule of Series’ Equity in Earnings from Unconsolidated Trading Companies and Private Investment Companies

The following tables summarize each of the Series’ equity in earnings from unconsolidated Trading Companies and private investment companies for the three and nine months ended September 30, 2025 and 2024:

	Three Months Ended September, 2025												Three Months Ended September, 2024
	Trading			Realized			Change in Unrealized			Net Income			Trading			Realized			Change in Unrealized			Net Income
	Commissions			Gain/(Loss)			Gain/(Loss)			(Loss)			Commissions			Gain/(Loss)			Gain/(Loss)			(Loss)
Frontier Balanced Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(19,175	)	$	(19,175	)	$	-		$	-		$	(12,310	)	$	(12,310	)
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC		(588	)		(24,224	)		60,400			35,588			(1,340	)		18,445			(281,935	)		(264,830	)
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC		(330	)		(635,604	)		625,232			(10,702	)		(952	)		(11,684	)		(52,774	)		(65,410	)
Galaxy Plus Fund - QIM Feeder Fund (526) LLC		(950	)		(67,469	)		98,121			29,702			(3,152	)		(9,169	)		(173,815	)		(186,136	)
Galaxy Plus Fund - Horizon3 Feeder Fund (577) LLC		(132	)		(20,416	)		6,421			(14,127	)		(569	)		(17,706	)		6,295			(11,980	)
Galaxy Plus Fund - Quest Feeder Fund (517) LLC		(244	)		(312,894	)		262,480			(50,658	)		(1,205	)		5,693			(41,324	)		(36,836	)
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		-			(128,638	)		129,106			468			(2,382	)		12,489			50,874			60,981
Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC		(240	)		(36,858	)		172,118			135,020			(563	)		2,777			7,035			9,249
Total	$	(2,484	)	$	(1,226,103	)	$	1,334,703		$	106,116		$	(10,163	)	$	845		$	(497,954	)	$	(507,272	)

Frontier Global Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(4,647	)	$	(4,647	)	$	-		$	-		$	(4,576	)	$	(4,576	)
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC		(433	)		(67,122	)		102,253			34,698			(1,222	)		11,311			(271,887	)		(261,798	)
Total	$	(433	)	$	(67,122	)	$	97,606		$	30,051		$	(1,222	)	$	11,311			(276,463	)	$	(266,374	)

Frontier Select Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(713	)	$	(713	)	$	-		$	-		$	(2,966	)	$	(2,966	)
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		-			(79,527	)		79,756			229			(1,162	)		1,521			27,386			27,745
Galaxy Plus Fund - Horizon3 Feeder Fund (577) LLC		(70	)		(4,057	)		(5,148	)		(9,275	)		(161	)		(2,711	)		(2,030	)		(4,902	)
Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC		(200	)		(21,189	)		150,057			128,668			(342	)		(303	)		(1,406	)		(2,051	)
Total	$	(270	)	$	(104,773	)	$	223,952		$	118,909		$	(1,665	)	$	(1,493	)	$	20,984		$	17,826

Frontier Heritage Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(9,469	)	$	(9,469	)	$	-		$	-		$	(5,246	)	$	(5,246	)
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC		(449	)		(49,867	)		81,700			31,384			(922	)		5,536			(208,743	)		(204,129	)
Galaxy Plus Fund - Horizon3 Feeder Fund (577) LLC		(177	)		(71,201	)		45,744			(25,634	)		(461	)		(975	)		(11,074	)		(12,510	)
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		-			(107,698	)		107,959			261			(953	)		(4,627	)		26,858			21,278
Total	$	(626	)	$	(228,766	)	$	225,934		$	(3,458	)	$	(2,336	)	$	(66	)	$	(198,205	)	$	(200,607	)

Frontier Long/Short Commodity Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(3,268	)	$	(3,268	)	$	-		$	-		$	(1,765	)	$	(1,765	)
Galaxy Plus Fund - Rosetta Program Feeder Fund (522) LLC		30			(5,307	)		(4,461	)		(9,738	)		(28	)		(805	)		(8,431	)		(9,264	)
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		-			(49,889	)		50,028			139			(735	)		(134	)		18,025			17,156
Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC		(30	)		-			30			-			-			(126,128	)		86,347			(39,781	)
Total	$	-		$	(55,196	)	$	42,329		$	(12,867	)	$	(763	)	$	(127,067	)	$	94,176		$	(33,654	)

Frontier Diversified Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(7,627	)	$	(7,627	)	$	-		$	-		$	(3,929	)	$	(3,929	)
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC		(144	)		(4,578	)		12,353			7,631			(233	)		4,817			(51,233	)		(46,649	)
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC		(227	)		(454,067	)		446,975			(7,319	)		(740	)		(18,581	)		(30,761	)		(50,082	)
Galaxy Plus Fund - QIM Feeder Fund (526) LLC		(259	)		(9,239	)		16,551			7,053			(799	)		(8,196	)		(38,719	)		(47,714	)
Galaxy Plus Fund - Quest Feeder Fund (517) LLC		(72	)		(89,426	)		74,312			(15,186	)		(373	)		1,600			(13,621	)		(12,394	)
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		-			(56,157	)		56,302			145			(961	)		(4,862	)		27,284			21,461
Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC		(72	)		(6,306	)		36,410			30,032			(120	)		905			299			1,084
Total	$	(774	)	$	(619,773	)	$	635,276		$	14,729		$	(3,226	)	$	(24,317	)	$	(110,680	)	$	(138,223	)

Frontier Masters Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(2,631	)	$	(2,631	)	$	-		$	-		$	(1,846	)	$	(1,846	)
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC		(99	)		(14,650	)		22,100			7,351			(200	)		1,111			(43,607	)		(42,696	)
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		-			(44,291	)		44,395			104			(381	)		(4,149	)		13,751			9,221
Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC		(28	)		4,368			14,075			18,415			(61	)		(205	)		295			29
Total	$	(127	)	$	(54,573	)	$	77,939		$	23,239		$	(642	)	$	(3,243	)	$	(31,407	)	$	(35,292	)

	Nine Months Ended September, 2025												Nine Months Ended September, 2024
	Trading			Realized			Change in Unrealized			Net Income			Trading			Realized			Change in Unrealized			Net Income
	Commissions			Gain/(Loss)			Gain/(Loss)			(Loss)			Commissions			Gain/(Loss)			Gain/(Loss)			(Loss)
Frontier Balanced Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(35,584	)	$	(35,584	)	$	-		$	-		$	(15,122	)	$	(15,122	)
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC		(2,006	)		(9,048	)		(268,411	)		(279,465	)		(4,653	)		112,945			81,282			189,574
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC		(2,142	)		(665,053	)		534,267			(132,928	)		(2,669	)		(125,728	)		169,738			41,341
Galaxy Plus Fund - QIM Feeder Fund (526) LLC		(3,872	)		(91,080	)		73,763			(21,189	)		(7,330	)		(59,650	)		(38,481	)		(105,461	)
Galaxy Plus Fund - Horizon3 Feeder Fund (577) LLC		(452	)		(100,709	)		60,142			(41,019	)		(4,846	)		(19,829	)		(33,154	)		(57,829	)
Galaxy Plus Fund - Quest Feeder Fund (517) LLC		(1,353	)		(333,990	)		86,036			(249,307	)		(4,454	)		31,676			(7,642	)		19,580
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		(2,673	)		(163,931	)		31,558			(135,046	)		(7,975	)		43,921			(1,141	)		34,805
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC		(976	)		(43,509	)		23,488			(20,997	)		(1,685	)		15,585			164,158			178,058
Total	$	(13,474	)	$	(1,407,320	)	$	505,259		$	(915,535	)	$	(33,612	)	$	(1,080	)	$	319,638		$	284,946

Frontier Global Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(10,000	)	$	(10,000	)	$	-		$	-		$	(4,760	)	$	(4,760	)
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC		(1,718	)		(66,824	)		(203,494	)		(272,036	)		(4,384	)		104,169			38,304			138,089
Total	$	(1,718	)	$	(66,824	)	$	(213,494	)	$	(282,036	)	$	(4,384	)	$	104,169		$	33,544		$	133,329

Frontier Select Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(4,806	)	$	(4,806	)	$	-		$	-		$	(2,193	)	$	(2,193	)
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		(1,273	)		(97,210	)		33,649			(64,834	)		(3,062	)		19,003			(1,758	)		14,183
Galaxy Plus Fund - Horizon3 Feeder Fund (577) LLC		(197	)		(16,246	)		(6,145	)		(22,588	)		(1,169	)		(5,395	)		(16,725	)		(23,289	)
Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC		-			-			-			-			-			-			-			-
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC		(727	)		(26,795	)		34,954			7,432			(986	)		710			78,640			78,364
Total	$	(2,197	)	$	(140,251	)	$	57,652		$	(84,796	)	$	(5,217	)	$	14,318		$	57,964		$	67,065

Frontier Heritage Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(19,029	)	$	(19,029	)	$	-		$	-		$	(6,847	)	$	(6,847	)
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC		(1,522	)		(53,020	)		(179,044	)		(233,586	)		(3,110	)		125,191			(52,666	)		69,415
Galaxy Plus Fund - Horizon3 Feeder Fund (577) LLC		(537	)		(103,653	)		41,170			(63,020	)		(3,590	)		(9,607	)		(52,352	)		(65,549	)
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		(1,228	)		(116,627	)		52,901			(64,954	)		(2,746	)		(8,660	)		22,695			11,289
Total	$	(3,287	)	$	(273,300	)	$	(104,002	)	$	(380,589	)	$	(9,446	)	$	106,924		$	(89,170	)	$	8,308

Frontier Long/Short Commodity Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(5,871	)	$	(5,871	)	$	-		$	-		$	(1,265	)	$	(1,265	)
Galaxy Plus Fund - Rosetta Program Feeder Fund (522) LLC		-			(7,519	)		(15,866	)		(23,385	)		(331	)		(44,199	)		1,366			(43,164	)
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		(789	)		(67,651	)		28,207			(40,233	)		(2,375	)		(22,555	)		26,709			1,779
Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC		(30	)		-			30			-			(42	)		(226,187	)		140,644			(85,585	)
Total	$	(819	)	$	(75,170	)	$	6,500		$	(69,489	)	$	(2,748	)	$	(292,941	)	$	167,454		$	(128,235	)

Frontier Diversified Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(13,645	)	$	(13,645	)	$	-		$	-		$	(4,770	)	$	(4,770	)
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC		(396	)		(1,023	)		(47,042	)		(48,461	)		(923	)		79,650			(17,125	)		61,602
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC		(1,592	)		(470,229	)		372,125			(99,696	)		(2,001	)		(95,179	)		123,820			26,640
Galaxy Plus Fund - QIM Feeder Fund (526) LLC		(953	)		(21,086	)		16,056			(5,983	)		(1,841	)		(17,594	)		(7,667	)		(27,102	)
Galaxy Plus Fund - Quest Feeder Fund (517) LLC		(371	)		(102,015	)		34,529			(67,857	)		(1,418	)		11,249			(9,553	)		278
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		(743	)		(71,538	)		36,102			(36,179	)		(2,909	)		(10,725	)		22,555			8,921
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC		(202	)		(9,777	)		12,472			2,493			(359	)		3,195			27,775			30,611
Total	$	(4,257	)	$	(675,668	)	$	410,597		$	(269,328	)	$	(9,451	)	$	(29,404	)	$	135,035		$	96,180

Frontier Masters Fund
Frontier Trading Company XXXVIII, LLC	$	-		$	-		$	(5,045	)	$	(5,045	)	$	-		$	-		$	(1,813	)	$	(1,813	)
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC		(328	)		(15,169	)		(32,011	)		(47,508	)		(675	)		10,662			5,850			15,837
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		(513	)		(51,505	)		24,648			(27,370	)		(1,089	)		(10,347	)		17,599			6,163
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC		(95	)		6,340			(3,133	)		3,112			(214	)		229			21,822			21,837
Total	$	(936	)	$	(60,334	)	$	(15,541	)	$	(76,811	)	$	(1,978	)	$	544		$	43,458		$	42,024

Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions

The Series investments in private investment companies have certain redemption and liquidity restrictions which are described in the following table:

Redemptions
Notice
Period

Redemptions
Permitted

Liquidity
Restrictions

Frontier Diversified Fund

Multi-Strategy

Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC

24 hours

Daily

None

Trend Following

Galaxy Plus Fund - Aspect Feeder Fund (532) LLC

24 hours

Daily

None

Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC*

24 hours

Daily

None

Galaxy Plus Fund - QIM Feeder Fund (526) LLC

24 hours

Daily

None

Galaxy Plus Fund - Quest Feeder Fund (517) LLC*

24 hours

Daily

None

Frontier Masters Fund

Trend Following

Galaxy Plus Fund - Aspect Feeder Fund (532) LLC

24 hours

Daily

None

Multi-Strategy

Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC

24 hours

Daily

None

Frontier Long/Short Commodity Fund*

Multi-Strategy

Galaxy Plus Fund - Rosetta Program Feeder Fund (522) LLC

24 hours

Daily

None

Frontier Balanced Fund

Multi-Strategy

Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC

24 hours

Daily

None

Galaxy Plus Fund - Horizon3 Feeder Fund (577) LLC

24 hours

Daily

None

Trend Following

Galaxy Plus Fund - Aspect Feeder Fund (532) LLC

24 hours

Daily

None

Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC*

24 hours

Daily

None

Galaxy Plus Fund - QIM Feeder Fund (526) LLC

24 hours

Daily

None

Galaxy Plus Fund - Quest Feeder Fund (517) LLC*

24 hours

Daily

None

Frontier Select Fund

Multi-Strategy

Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC

24 hours

Daily

None

Galaxy Plus Fund - Horizon3 Feeder Fund (577) LLC

24 hours

Daily

None

Frontier Global Fund

Trend Following

Galaxy Plus Fund - Aspect Feeder Fund (532) LLC

24 hours

Daily

None

Frontier Heritage Fund

Multi-Strategy

Galaxy Plus Fund - Horizon3 Feeder Fund (577) LLC

24 hours

Daily

None

Trend Following

Galaxy Plus Fund - Aspect Feeder Fund (532) LLC

24 hours

Daily

None

*	Effective October 1, 2025, Fort LP accessed through Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC and Quest Partners LLC accessed through Galaxy Plus Fund - Quest Feeder Fund (517) LLC both ceased to act as a commodity trading advisors to the Trust.

Frontier Funds [Member]

Investments in Unconsolidated Trading Companies and Private Investment Companies [Line Items]

Schedule of Series’ Equity in Earnings from Unconsolidated Trading Companies and Private Investment Companies

The following table summarizes the Trust’s equity in earnings from each of the private investment companies during the three and nine months ended September 30, 2025 and 2024:

	Three Months Ended September, 2025												Three Months Ended September, 2024
							Change in												Change in
	Trading			Realized			Unrealized			Net Income			Trading			Realized			Unrealized			Net Income
	Commissions			Gain/(Loss)			Gain/(Loss)			(Loss)			Commissions			Gain/(Loss)			Gain/(Loss)			(Loss)
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC	$	(1,713	)	$	(160,441	)	$	278,806		$	116,652		$	(3,917	)	$	41,218		$	(857,403	)	$	(820,102	)
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC		(557	)		(1,089,671	)		1,072,207			(18,021	)		(1,692	)		(30,264	)		(83,536	)		(115,492	)
Galaxy Plus Fund - Rosetta Program Feeder Fund (522) LLC		30			(5,308	)		(4,461	)		(9,739	)		(28	)		(805	)		(8,430	)		(9,263	)
Galaxy Plus Fund - QIM Feeder Fund (526) LLC		(1,209	)		(76,708	)		114,672			36,755			(3,951	)		(17,365	)		(212,534	)		(233,850	)
Galaxy Plus Fund - Quest Feeder Fund (517) LLC		(316	)		(402,319	)		336,792			(65,843	)		(1,578	)		7,293			(54,944	)		(49,229	)
Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC		-			(16,996	)		(30,534	)		(47,530	)		-			(21,817	)		(10,821	)		(32,638	)
Galaxy Plus Fund - Horizon3 Feeder Fund (577) LLC		(379	)		(95,674	)		47,017			(49,036	)		(1,191	)		(21,391	)		(6,811	)		(29,393	)
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		-			(466,200	)		467,546			1,346			(6,574	)		238			164,178			157,842
Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC*		(30	)		-			30			-			-			(126,128	)		86,346			(39,782	)
Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC		(540	)		(59,985	)		372,660			312,135			(1,086	)		3,174			6,223			8,311

Total	$	(4,714	)	$	(2,373,302	)	$	2,654,735		$	276,719		$	(20,017	)	$	(165,847	)	$	(977,732	)	$	(1,163,596	)

	Nine Months Ended September, 2025												Nine Months Ended September, 2024
							Change in												Change in
	Trading			Realized			Unrealized			Net Income			Trading			Realized			Unrealized			Net Income
	Commissions			Gain/(Loss)			Gain/(Loss)			(Loss)			Commissions			Gain/(Loss)			Gain/(Loss)			(Loss)
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC	$	(5,970	)	$	(145,084	)	$	(730,002	)	$	(881,056	)	$	(13,745	)	$	432,617		$	55,645		$	474,517
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC*		(3,734	)		(1,135,282	)		906,392			(232,624	)		(4,670	)		(220,907	)		293,558			67,981
Galaxy Plus Fund - Rosetta Program Feeder Fund (522) LLC		-			(7,519	)		(15,866	)		(23,385	)		(331	)		(44,199	)		1,366			(43,164	)
Galaxy Plus Fund - QIM Feeder Fund (526) LLC		(4,825	)		(112,166	)		89,819			(27,172	)		(9,171	)		(77,244	)		(46,148	)		(132,563	)
Galaxy Plus Fund - Quest Feeder Fund (517) LLC*		(1,724	)		(436,005	)		120,565			(317,164	)		(5,872	)		42,925			(17,195	)		19,858
Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC*		-			(36,945	)		(57,035	)		(93,980	)		-			(24,667	)		(12,103	)		(36,770	)
Galaxy Plus Fund - Horizon3 Feeder Fund (577) LLC		(1,186	)		(220,608	)		95,167			(126,627	)		(9,605	)		(34,831	)		(102,231	)		(146,667	)
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC		(7,219	)		(568,462	)		207,065			(368,616	)		(20,156	)		10,637			86,659			77,140
Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC*		(30	)		-			30			-			(42	)		(226,187	)		140,644			(85,585	)
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC		(2,000	)		(73,741	)		67,781			(7,960	)		(3,244	)		19,719			292,395			308,870

Total	$	(26,688	)	$	(2,735,812	)	$	683,916		$	(2,078,584	)	$	(66,836	)	$	(122,137	)	$	692,590		$	503,617

Effective October 1, 2025, Fort LP accessed through Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC and Quest Partners LLC accessed through Galaxy Plus Fund - Quest Feeder Fund (517) LLC and Galaxy Plus Fund – Quest FIT Feeder Fund all ceased to act as a commodity trading advisors to the Trust.

*	Effective October 1, 2025, Fort LP accessed through Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC and Quest Partners LLC accessed through Galaxy Plus Fund - Quest Feeder Fund (517) LLC both ceased to act as a commodity trading advisors to the Trust.

Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions

The Trust’s investments in private investment companies have certain redemption and liquidity restrictions which are described in the following table:

	Redemptions	Redemptions	Liquidity
	Notice Period	Permitted	Restrictions

Frontier Funds
Multi-Strategy
Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC	24 hours	Daily	None
Galaxy Plus Fund - Rosetta Program Feeder Fund (522) LLC	24 hours	Daily	None
Galaxy Plus Fund - Horizon3 Feeder Fund (577) LLC	24 hours	Daily	None
Trend Following
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC	24 hours	Daily	None
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC*	24 hours	Daily	None
Galaxy Plus Fund - QIM Feeder Fund (526) LLC	24 hours	Daily	None
Galaxy Plus Fund - Quest Feeder Fund (517) LLC*	24 hours	Daily	None

*	Effective October 1, 2025, Fort LP accessed through Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC and Quest Partners LLC accessed through Galaxy Plus Fund - Quest Feeder Fund (517) LLC both ceased to act as a commodity trading advisors to the Trust.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477439/946-210-55-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (g)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (g)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478297/946-220-50-3

+ Details

Frontier Funds 10-Q