UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 17, 2020 (May 30, 2020)
Frontier FundS
FRONTIER HERITAGE FUND
(Exact Name of Registrant as Specified in Charter)
Delaware |
000-51274 |
36-6815533 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
c/o Frontier Fund Management, LLC
25568 Genesee Trail Road
Golden, Colorado 80401
(Address of Principal Executive Offices)
(303) 454-5500
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act. |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act. |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2b under the Exchange Act. |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act. |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Item 8.01. Other Events.
Effective May 30, 2020, Frontier Fund Management, the managing owner of the Registrant, removed BH-DG Systematic Trading LLP (“BH-DG”), a major commodity trading advisor for the Frontier Heritage Fund. BH-DG was accessed through a total return swap with Deutsche Bank AG utilizing the DB Select Managed Account platform.
Effective May 30, 2020, Frontier Fund Management, the managing owner of the Registrant terminated the Brevan Howard Swap.
The current commodity trading advisors, including those advising commodity pools on the Galaxy Plus Managed Account platform and/or reference programs for the Frontier Heritage Fund are:
| ● | Aspect Capital Limited |
| ● | Welton Investment Partners, LLC |
As a result of the removal of BH-DG, the managing owner has made the following allocation adjustments to Frontier Heritage Fund.
As of May 30, 2020, the allocation of the assets of the Frontier Heritage Fund between the trading advisors was as follows (however, the actual allocation among trading advisors for the Frontier Heritage Fund will vary based on the relative trading performance of the trading advisors and/or reference programs, and the managing owner may otherwise vary such percentages from time to time in its sole discretion):
| Advisor | Allocation as of May 30, 2020 (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) | 75% | |
| Welton Investment Partners, LLC (accessed via Galaxy Plus Fund – Welton GDP Feeder Fund (538) LLC) | 25% |
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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: July 17, 2020 | By: | /s/ Patrick F. Hart III |
| Patrick F. Hart III | ||
|
|
President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner | |
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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: July 17, 2020 | 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 | ||
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