Filed Pursuant to Rule 424(b)(3)
Registration No. 333-155800

April 2011 Performance Update

The Frontier Fund Supplement Dated April 30, 2011 to Prospectus Dated April 30, 2011.

The Frontier Fund Class 2 New

T H E    F RO N T I E R    F U N D’ S    G O A L : To provide you – the investor – with a managed futures product that, over the long term, provides attractive returns, reduces volatility, and improves the overall performance of your investment portfolio.

April performance for the various Series of The Frontier Fund is detailed below:*

The Frontier Fund Class 2 New	April 30, 2011	April 30, 2011	NAV /Unit
	MTD	YTD
Frontier Diversified Series-2	0.70%	4.05%		$110.77
Frontier Dynamic Series-2	1.63%	-0.39%		$94.03
Frontier Long/Short Commodity Series-2a	4.80%	17.35%		$142.20
Frontier Masters Series-2	5.22%	5.83%		$111.97

Additional information, including monthly rates of return, concerning the aforementioned Series and the Trading Advisor(s) is contained in the Prospectus and the respective Series Appendix to the Prospectus.

* The above table sets forth the actual performance for the Class and Series as of April 30, 2011. Actual gross trading performance (gross realized and unrealized gain/loss before deduction for trading commissions and fees, management fees, any other expense, and before addition of interest income) is adjusted for the trading expenses, management fees, initial service fees, on-going service fees, and interest income of the applicable Series.

THIS INSERT MUST BE ACCOMPANIED OR PRECEDED BY THE CURRENT PROSPECTUS OF THE FRONTIER FUND

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

THE FRONTIER FUND DIVERSIFIED SERIES - 2

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

April 30, 2011

(Unaudited)

							Current Period
INCOME
Realized trading gain/(loss)							$	(9,234,603.39	)
Unrealized trading gain/(loss)								10,091,353.19
Less: commissions								(61,172.82	)
Less: FCM fees								(138,082.42	)
Foreign currency gain/(loss)								172,380.51
Interest income								85,107.25
Total Income								914,982.32
EXPENSES
Management fees								65,870.54
Incentive fees								341,871.85
Broker service fees								14,619.53
Total Expenses								422,361.92
Net Income (Loss)							$	492,620.40
STATEMENT OF CHANGES IN NET ASSET VALUE
	Units			Dollars			$’s per unit
Net Asset Value, end of prior month		672,282.49563		$	73,950,571.58			110.00
Current month additions		13,254.09339			1,460,174.23
Current month redemptions		(33,741.49741	)		(3,706,180.21	)
Net Income (loss) for current month					492,620.40
Net Asset Value, end of current month		651,795.09161		$	72,197,186.00			110.77
		Monthly rate of return						0.70	%

To the best of my knowledge and belief, the information

contained in this statement is accurate and complete

/s/    S. Brent Bales

S. Brent Bales, Chief Accounting Officer of the Managing Owner

Equinox Fund Management LLC

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - Diversified Series 2

THE FRONTIER FUND DYNAMIC SERIES - 2

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

April 30, 2011

(Unaudited)

					Current Period
INCOME
Realized trading gain/(loss)					$	—
Unrealized trading gain/(loss)						483,131.59
Net change in inter-series payables						(453,703.07	)
Less: commissions						—
Less: FCM fees						(53,278.61	)
Foreign currency gain/(loss)						—
Interest income						35,102.75
Total Income						11,252.66
EXPENSES
Management fees						—
Incentive fees						—
Broker service fees						5,639.48
Total Expenses						5,639.48
Net Income (Loss)					$	5,613.18
STATEMENT OF CHANGES IN NET ASSET VALUE
	Units		Dollars		$’s per unit
Net Asset Value, end of prior month		3,711.60257	$	343,401.69		92.52
Current month additions		—		—
Current month redemptions		—		—
Net Income (loss) for current month				5,613.18
Net Asset Value, end of current month		3,711.60257	$	349,014.87		94.03
		Monthly rate of return				1.63	%

To the best of my knowledge and belief, the information

contained in this statement is accurate and complete

/s/    S. Brent Bales

S. Brent Bales, Chief Accounting Officer of the Managing Owner

Equinox Fund Management LLC

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - Dynamic Series 2

THE FRONTIER FUND LONG/SHORT COMMODITY SERIES - 2a

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

April 30, 2011

(Unaudited)

					Current Period
INCOME
Realized trading gain/(loss)					$	(509,783.67	)
Unrealized trading gain/(loss)						871,738.56
Less: commissions						(2,078.61	)
Less: FCM fees						(10,474.01	)
Foreign currency gain/(loss)						(1,047.88	)
Interest income						7,363.43
Total Income						355,717.82
EXPENSES
Management fees						13,161.72
Incentive fees						69,706.27
Broker service fee						1,114.54
Total Expenses						83,982.53
Net Income (Loss)					$	271,735.29
STATEMENT OF CHANGES IN NET ASSET VALUE
	Units		Dollars		$’s per unit
Net Asset Value, end of prior month		38,401.46958	$	5,210,790.99		135.69
Current month additions		4,404.19885		604,650.00
Current month redemptions		—		—
Net Income (loss) for current month				271,735.29
Net Asset Value, end of current month		42,805.66843	$	6,087,176.28		142.20
		Monthly rate of return				4.80	%

To the best of my knowledge and belief, the information

contained in this statement is accurate and complete

/s/    S. Brent Bales

S. Brent Bales, Chief Accounting Officer of the Managing Owner

Equinox Fund Management LLC

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - Long/Short Commodity Series 2a

THE FRONTIER FUND MASTERS SERIES - 2

STATEMENT OF INCOME (LOSS)

FOR THE MONTH ENDED

April 30, 2011

(Unaudited)

							Current Period
INCOME
Realized trading gain/(loss)							$	385,319.07
Unrealized trading gain/(loss)								1,259,363.22
Less: commissions								(12,141.86	)
Less: FCM fees								(50,075.63	)
Foreign currency gain/(loss)								5,399.65
Interest income								35,703.87
Total Income								1,623,568.32
EXPENSES
Management fees								53,463.93
Incentive fees								219,432.22
Broker Service Fees								5,302.41
Total Expenses								278,198.56
Net Income (Loss)							$	1,345,369.76
STATEMENT OF CHANGES IN NET ASSET VALUE
	Units			Dollars			$’s per unit
Net Asset Value, end of prior month		249,544.95670		$	26,555,372.11			106.42
Current month additions		1,411.03731			154,100.00
Current month redemptions		(13,770.17182	)		(1,496,816.37	)
Net Income (loss) for current month					1,345,369.76
Net Asset Value, end of current month		237,185.82219		$	26,558,025.50			111.97
		Monthly rate of return						5.22	%

To the best of my knowledge and belief, the information

contained in this statement is accurate and complete

/s/    S. Brent Bales

S. Brent Bales, Chief Accounting Officer of the Managing Owner

Equinox Fund Management LLC

1775 Sherman Street, Suite 2500

Denver, Colorado 80203

On Behalf of the Frontier Fund - Masters Series 2