UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-K/A
x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2011
or
¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission File Number 000-51274
THE FRONTIER FUND
FRONTIER DIVERSIFIED SERIES; FRONTIER DYNAMIC SERIES; FRONTIER LONG/SHORT COMMODITY SERIES; FRONTIER MASTERS SERIES; BALANCED SERIES; BERKELEY/GRAHAM/TIVERTON SERIES; CURRENCY SERIES; LONG ONLY COMMODITY SERIES; MANAGED FUTURES INDEX SERIES; WINTON SERIES; WINTON/GRAHAM SERIES
(Exact Name of Registrant as specified in Its Charter)
Delaware | 36-6815533 | |
(State or Other Jurisdiction of Incorporation or Organization) |
(IRS Employer Identification No.) | |
c/o Equinox Fund Management, LLC 1775 Sherman Street, Suite 2500, Denver, Colorado |
80203 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrants Telephone Number, Including Area Code: (303) 837-0600
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Title of Each Class
Frontier Diversified Series Class 1, Class 2 and Class 3 Units;
Frontier Dynamic Series Class 1, Class 2 and Class 3 Units;
Frontier Long/Short Commodity Series Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a Units;
Frontier Masters Series Class 1, Class 2 and Class 3 Units;
Balanced Series Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a Units;
Berkeley/Graham/Tiverton Series Class 1, Class 2 and Class 3 Units;
Currency Series Class 1, Class 2 and Class 3 Units;
Long Only Commodity Series Class 1, Class 2 and Class 3 Units;
Managed Futures Index Series Class 1, Class 2 and Class 3 Units
Winton Series Class 1, Class 2 and Class 3 Units;
Winton/Graham Series Class 1, Class 2 and Class 3 Units
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ¨ No x
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ¨ No x
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405) is not contained herein, and will not be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. (Check One):
Large Accelerated Filer | ¨ | Accelerated Filer | ¨ | |||
Non-Accelerated Filer | x (Do not check if a smaller reporting company) | Smaller Reporting Company | ¨ |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x
Explanatory Note
The sole purpose of this Amendment No. 1 to the Annual Report on Form 10-K for the year ended December 31, 2011 (the Form 10-K) of The Frontier Fund, as filed with the Securities and Exchange Commission on March 30, 2012, is to furnish Exhibit 101 to the Form 10-K in accordance with Rule 405 of Regulation S-T. Exhibit 101 provides the financial statements and related notes from the Form 10-K formatted in XBRL (eXtensible Business Reporting Language). Exhibit 101 was not furnished with the Form 10-K previously and no other changes have been made to the Form 10-K.
This Amendment No. 1 to the Form 10-K does not reflect events that may have occurred subsequent to the original filing date of the Form 10-K and does not modify or update in any way disclosures made in the Form 10-K as originally filed.
Pursuant to Rule 406T of Regulation S-T, the interactive data files in Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.
Item 6. Exhibits.
31.1 | Certification of Principal Executive Officer of the Managing Owner pursuant to Rules 13a-14(a) and 15d-14(a) of the Securities Exchange Act of 1934. (filed herewith) | |
31.2 | Certification of Principal Executive Officer of the Managing Owner pursuant to Rules 13a-14(a) and 15d-14(a) of the Securities Exchange Act of 1934. (filed herewith) | |
32.1 | Certification pursuant to 18 U.S.C. Section 1350, as enacted by Section 906 of The Sarbanes-Oxley Act of 2002. (furnished herewith) | |
32.2 | Certification pursuant to 18 U.S.C. Section 1350, as enacted by Section 906 of The Sarbanes-Oxley Act of 2002. (furnished herewith) | |
32.3 | Certification pursuant to 18 U.S.C. Section 1350, as enacted by Section 906 of The Sarbanes-Oxley Act of 2002. (furnished herewith) | |
32.4 | Certification pursuant to 18 U.S.C. Section 1350, as enacted by Section 906 of The Sarbanes-Oxley Act of 2002. (furnished herewith) | |
32.5 | Certification pursuant to 18 U.S.C. Section 1350, as enacted by Section 906 of The Sarbanes-Oxley Act of 2002. (furnished herewith) | |
32.6 | Certification pursuant to 18 U.S.C. Section 1350, as enacted by Section 906 of The Sarbanes-Oxley Act of 2002. (furnished herewith) | |
32.7 | Certification pursuant to 18 U.S.C. Section 1350, as enacted by Section 906 of The Sarbanes-Oxley Act of 2002. (furnished herewith) | |
32.8 | Certification pursuant to 18 U.S.C. Section 1350, as enacted by Section 906 of The Sarbanes-Oxley Act of 2002. (furnished herewith) | |
32.9 | Certification pursuant to 18 U.S.C. Section 1350, as enacted by Section 906 of The Sarbanes-Oxley Act of 2002. (furnished herewith) | |
32.10 | Certification pursuant to 18 U.S.C. Section 1350, as enacted by Section 906 of The Sarbanes-Oxley Act of 2002. (furnished herewith) | |
32.11 | Certification pursuant to 18 U.S.C. Section 1350, as enacted by Section 906 of The Sarbanes-Oxley Act of 2002. (furnished herewith) | |
32.12 | Certification pursuant to 18 U.S.C. Section 1350, as enacted by Section 906 of The Sarbanes-Oxley Act of 2002. (furnished herewith) | |
101 | The following financial information for The Frontier Fund formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Stockholders Equity and Comprehensive Loss (Income), (iv) Consolidated Statements of Cash Flows and (v) the Notes to Consolidated Financial Statements. |
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.
The Frontier Fund | ||||||
(Registrant) | ||||||
Date: April 9, 2012 | By: | /s/ Robert J. Enck | ||||
| ||||||
Robert J. Enck | ||||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
BY: | /s/ Robert J. Enck | April 9, 2012 | ||
|
||||
Robert J. Enck, Chairman and Member of the Executive Committee of The Frontier Fund |
||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Brent Bales | April 9, 2012 | |||
|
||||
Brent Bales, Principal Financial Officer and Principal Accounting Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Richard E. Bornhoft | April 9, 2012 | |||
|
||||
Richard E. Bornhoft, Member of the Executive Committee of The Frontier Fund | ||||
Chief Investment Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ David P. DeMuth | April 9, 2012 | |||
|
||||
David P. DeMuth, Member of the Executive Committee of The Frontier Fund |
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.
Balanced Series, | ||||||
a Series of The Frontier Fund (Registrant) | ||||||
Date: April 9, 2012 | By: | /s/ Robert J. Enck | ||||
| ||||||
Robert J. Enck | ||||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
BY: | /s/ Robert J. Enck | April 9, 2012 | ||
|
||||
Robert J. Enck, Chairman and Member of the Executive Committee of The Frontier Fund |
||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Brent Bales | April 9, 2012 | |||
|
||||
Brent Bales, Principal Financial Officer and Principal Accounting Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Richard E. Bornhoft | April 9, 2012 | |||
|
||||
Richard E. Bornhoft, Member of the Executive Committee of The Frontier Fund | ||||
Chief Investment Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ David P. DeMuth | April 9, 2012 | |||
|
||||
David P. DeMuth, Member of the Executive Committee of The Frontier Fund |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
Winton/Graham Series, | ||||||
a Series of The Frontier Fund (Registrant) | ||||||
Date: April 9, 2012 | By: | /s/ Robert J. Enck | ||||
| ||||||
Robert J. Enck | ||||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
BY: | /s/ Robert J. Enck | April 9, 2012 | ||
|
||||
Robert J. Enck, Chairman and Member of the Executive Committee of The Frontier Fund |
||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Brent Bales | April 9, 2012 | |||
|
||||
Brent Bales, Principal Financial Officer and Principal Accounting Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Richard E. Bornhoft | April 9, 2012 | |||
|
||||
Richard E. Bornhoft, Member of the Executive Committee of The Frontier Fund | ||||
Chief Investment Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ David P. DeMuth | April 9, 2012 | |||
|
||||
David P. DeMuth, Member of the Executive Committee of The Frontier Fund |
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.
Winton Series, | ||||||
a Series of The Frontier Fund (Registrant) | ||||||
Date: April 9, 2012 | By: | /s/ Robert J. Enck | ||||
| ||||||
Robert J. Enck | ||||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
BY: | /s/ Robert J. Enck | April 9, 2012 | ||
|
||||
Robert J. Enck, Chairman and Member of the Executive Committee of The Frontier Fund |
||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Brent Bales | April 9, 2012 | |||
|
||||
Brent Bales, Principal Financial Officer and Principal Accounting Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Richard E. Bornhoft | April 9, 2012 | |||
|
||||
Richard E. Bornhoft, Member of the Executive Committee of The Frontier Fund | ||||
Chief Investment Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ David P. DeMuth | April 9, 2012 | |||
|
||||
David P. DeMuth, Member of the Executive Committee of The Frontier Fund |
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.
Tiverton/Graham/Transtrend Series, | ||||||
a Series of The Frontier Fund (Registrant) | ||||||
Date: April 9, 2012 | By: | /s/ Robert J. Enck | ||||
| ||||||
Robert J. Enck | ||||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
BY: | /s/ Robert J. Enck | April 9, 2012 | ||
|
||||
Robert J. Enck, Chairman and Member of the Executive Committee of The Frontier Fund |
||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Brent Bales | April 9, 2012 | |||
|
||||
Brent Bales, Principal Financial Officer and Principal Accounting Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Richard E. Bornhoft | April 9, 2012 | |||
|
||||
Richard E. Bornhoft, Member of the Executive Committee of The Frontier Fund | ||||
Chief Investment Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ David P. DeMuth | April 9, 2012 | |||
|
||||
David P. DeMuth, Member of the Executive Committee of The Frontier Fund |
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.
Currency Series, | ||||||
a Series of The Frontier Fund (Registrant) | ||||||
Date: April 9, 2012 | By: | /s/ Robert J. Enck | ||||
| ||||||
Robert J. Enck | ||||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
BY: | /s/ Robert J. Enck | April 9, 2012 | ||
|
||||
Robert J. Enck, Chairman and Member of the Executive Committee of The Frontier Fund |
||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Brent Bales | April 9, 2012 | |||
|
||||
Brent Bales, Principal Financial Officer and Principal Accounting Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Richard E. Bornhoft | April 9, 2012 | |||
|
||||
Richard E. Bornhoft, Member of the Executive Committee of The Frontier Fund | ||||
Chief Investment Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ David P. DeMuth | April 9, 2012 | |||
|
||||
David P. DeMuth, Member of the Executive Committee of The Frontier Fund |
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.
Long Only Commodity Series, | ||||||
a Series of The Frontier Fund (Registrant) | ||||||
Date: April 9, 2012 | By: | /s/ Robert J. Enck | ||||
| ||||||
Robert J. Enck | ||||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
BY: | /s/ Robert J. Enck | April 9, 2012 | ||
|
||||
Robert J. Enck, Chairman and Member of the Executive Committee of The Frontier Fund |
||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Brent Bales | April 9, 2012 | |||
|
||||
Brent Bales, Principal Financial Officer and Principal Accounting Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Richard E. Bornhoft | April 9, 2012 | |||
|
||||
Richard E. Bornhoft, Member of the Executive Committee of The Frontier Fund | ||||
Chief Investment Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ David P. DeMuth | April 9, 2012 | |||
|
||||
David P. DeMuth, Member of the Executive Committee of The Frontier Fund |
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 Series, | ||||||
a Series of The Frontier Fund (Registrant) | ||||||
Date: April 9, 2012 | By: | /s/ Robert J. Enck | ||||
| ||||||
Robert J. Enck | ||||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
BY: | /s/ Robert J. Enck | April 9, 2012 | ||
|
||||
Robert J. Enck, Chairman and Member of the Executive Committee of The Frontier Fund |
||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Brent Bales | April 9, 2012 | |||
|
||||
Brent Bales, Principal Financial Officer and Principal Accounting Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Richard E. Bornhoft | April 9, 2012 | |||
|
||||
Richard E. Bornhoft, Member of the Executive Committee of The Frontier Fund | ||||
Chief Investment Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ David P. DeMuth | April 9, 2012 | |||
|
||||
David P. DeMuth, Member of the Executive Committee of The Frontier Fund |
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.
Managed Futures Index Series, | ||||||
a Series of The Frontier Fund (Registrant) | ||||||
Date: April 9, 2012 | By: | /s/ Robert J. Enck | ||||
| ||||||
Robert J. Enck | ||||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
BY: | /s/ Robert J. Enck | April 9, 2012 | ||
|
||||
Robert J. Enck, Chairman and Member of the Executive Committee of The Frontier Fund |
||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Brent Bales | April 9, 2012 | |||
|
||||
Brent Bales, Principal Financial Officer and Principal Accounting Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Richard E. Bornhoft | April 9, 2012 | |||
|
||||
Richard E. Bornhoft, Member of the Executive Committee of The Frontier Fund | ||||
Chief Investment Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ David P. DeMuth | April 9, 2012 | |||
|
||||
David P. DeMuth, Member of the Executive Committee of The Frontier Fund |
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 Series, | ||||||
a Series of The Frontier Fund (Registrant) | ||||||
Date: April 9, 2012 | By: | /s/ Robert J. Enck | ||||
| ||||||
Robert J. Enck | ||||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
BY: | /s/ Robert J. Enck | April 9, 2012 | ||
|
||||
Robert J. Enck, Chairman and Member of the Executive Committee of The Frontier Fund |
||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Brent Bales | April 9, 2012 | |||
|
||||
Brent Bales, Principal Financial Officer and Principal Accounting Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Richard E. Bornhoft | April 9, 2012 | |||
|
||||
Richard E. Bornhoft, Member of the Executive Committee of The Frontier Fund | ||||
Chief Investment Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ David P. DeMuth | April 9, 2012 | |||
|
||||
David P. DeMuth, Member of the Executive Committee of The Frontier Fund |
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 Dynamic Series, | ||||||
a Series of The Frontier Fund (Registrant) | ||||||
Date: April 9, 2012 | By: | /s/ Robert J. Enck | ||||
| ||||||
Robert J. Enck | ||||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
BY: | /s/ Robert J. Enck | April 9, 2012 | ||
|
||||
Robert J. Enck, Chairman and Member of the Executive Committee of The Frontier Fund |
||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Brent Bales | April 9, 2012 | |||
|
||||
Brent Bales, Principal Financial Officer and Principal Accounting Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Richard E. Bornhoft | April 9, 2012 | |||
|
||||
Richard E. Bornhoft, Member of the Executive Committee of The Frontier Fund | ||||
Chief Investment Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ David P. DeMuth | April 9, 2012 | |||
|
||||
David P. DeMuth, Member of the Executive Committee of The Frontier Fund |
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 Series, | ||||||
a Series of The Frontier Fund (Registrant) | ||||||
Date: April 9, 2012 | By: | /s/ Robert J. Enck | ||||
| ||||||
Robert J. Enck | ||||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Equinox Fund Management, LLC
BY: | /s/ Robert J. Enck | April 9, 2012 | ||
|
||||
Robert J. Enck, Chairman and Member of the Executive Committee of The Frontier Fund |
||||
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Brent Bales | April 9, 2012 | |||
|
||||
Brent Bales, Principal Financial Officer and Principal Accounting Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ Richard E. Bornhoft | April 9, 2012 | |||
|
||||
Richard E. Bornhoft, Member of the Executive Committee of The Frontier Fund | ||||
Chief Investment Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund |
||||
/s/ David P. DeMuth | April 9, 2012 | |||
|
||||
David P. DeMuth, Member of the Executive Committee of The Frontier Fund |
Exhibit 31.1
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Robert J. Enck, certify that:
1. | I have reviewed this annual report of The Frontier Fund; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
(d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter (the registrants fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
April 9, 2012
/s/ Robert J. Enck |
Robert J. Enck |
President and Chief Executive Officer of Equinox Fund |
Management, LLC, the Managing Owner of The Frontier Fund |
Exhibit 31.2
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Brent Bales, certify that:
1. | I have reviewed this annual report of The Frontier Fund; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
(e) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(f) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(g) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
(h) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter (the registrants fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
(c) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and |
(d) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
April 9, 2012
/s/ Brent Bales |
Brent Bales |
Principal Financial Officer of Equinox Fund |
Management, LLC, the Managing Owner of The Frontier Fund |
Exhibit 32.1
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of The Frontier Fund on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on March 30, 2012 (the Report), each of the undersigned hereby certifies, to the best of his knowledge:
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of The Frontier Fund. |
/s/ Robert J. Enck
Robert J. Enck
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of The Frontier Fund
/s/ Brent Bales
Brent Bales
Principal Financial Officer of Equinox Fund
Management, LLC, the Managing Owner of The Frontier Fund
April 9, 2012
Exhibit 32.2
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of the Balanced Series, a Series of The Frontier Fund on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on March 30, 2012 (the Report), each of the undersigned hereby certifies, to the best of his knowledge:
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of The Frontier Fund. |
/s/ Robert J. Enck
Robert J. Enck
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of the Balanced Series, a Series of The Frontier Fund
/s/ Brent Bales
Brent Bales
Principal Financial Officer of Equinox Fund
Management, LLC, the Managing Owner of the Balanced Series, a Series of The Frontier Fund
April 9, 2012
Exhibit 32.3
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of the Tiverton/Graham/Transtrend Series, a Series of The Frontier Fund on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on March 30, 2012 (the Report), each of the undersigned hereby certifies, to the best of his knowledge:
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of The Frontier Fund. |
/s/ Robert J. Enck
Robert J. Enck
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of the Tiverton/Graham/Transtrend Series, a Series of The Frontier Fund
/s/ Brent Bales
Brent Bales
Principal Financial Officer of Equinox Fund
Management, LLC, the Managing Owner of the Tiverton/Graham/Transtrend Series, a Series of The Frontier Fund
April 9, 2012
Exhibit 32.4
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of the Currency Series, a Series of The Frontier Fund on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on March 30, 2012 (the Report), each of the undersigned hereby certifies, to the best of his knowledge:
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of The Frontier Fund. |
/s/ Robert J. Enck
Robert J. Enck
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of the Currency Series, a Series of The Frontier Fund
/s/ Brent Bales
Brent Bales
Principal Financial Officer of Equinox Fund
Management, LLC, the Managing Owner of the Currency Series, a Series of The Frontier Fund
April 9, 2012
Exhibit 32.5
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of the Long Only Commodity Series, a Series of The Frontier Fund on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on March 30, 2012 (the Report), each of the undersigned hereby certifies, to the best of his knowledge:
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of The Frontier Fund. |
/s/ Robert J. Enck
Robert J. Enck
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of the Long Only Commodity Series, a Series of The Frontier Fund
/s/ Brent Bales
Brent Bales
Principal Financial Officer of Equinox Fund
Management, LLC, the Managing Owner of the Long Only Commodity Series, a Series of The Frontier Fund
April 9, 2012
Exhibit 32.6
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of the Frontier Long/Short Commodity Series, a Series of The Frontier Fund on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on March 30, 2012 (the Report), each of the undersigned hereby certifies, to the best of his knowledge:
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of The Frontier Fund. |
/s/ Robert J. Enck |
Robert J. Enck |
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of the Frontier Long/Short Commodity Series, a Series of The Frontier Fund
/s/ Brent Bales |
Brent Bales |
Principal Financial Officer of Equinox Fund
Management, LLC, the Managing Owner of the Frontier Long/Short Commodity Series, a Series of The Frontier Fund
April 9, 2012
Exhibit 32.7
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of the Managed Futures Index Series, a Series of The Frontier Fund on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on March 30, 2012 (the Report), each of the undersigned hereby certifies, to the best of his knowledge:
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of The Frontier Fund. |
/s/ Robert J. Enck |
Robert J. Enck |
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of the Managed Futures Index Series, a Series of The Frontier Fund
/s/ Brent Bales |
Brent Bales |
Principal Financial Officer of Equinox Fund
Management, LLC, the Managing Owner of the Managed Futures Index Series, a Series of The Frontier Fund
April 9, 2012
Exhibit 32.8
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of the Winton Series, a Series of The Frontier Fund on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on March 30, 2012 (the Report), each of the undersigned hereby certifies, to the best of his knowledge:
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of The Frontier Fund. |
/s/ Robert J. Enck |
Robert J. Enck |
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of the Winton Series, a Series of The Frontier Fund
/s/ Brent Bales |
Brent Bales |
Principal Financial Officer of Equinox Fund
Management, LLC, the Managing Owner of the Winton Series, a Series of The Frontier Fund
April 9, 2012
Exhibit 32.9
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of the Winton/Graham Series, a Series of The Frontier Fund on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on March 30, 2012 (the Report), each of the undersigned hereby certifies, to the best of his knowledge:
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of The Frontier Fund. |
/s/ Robert J. Enck |
Robert J. Enck |
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of the Winton/Graham Series, a Series of The Frontier Fund
/s/ Brent Bales |
Brent Bales |
Principal Financial Officer of Equinox Fund
Management, LLC, the Managing Owner of the Winton/Graham Series, a Series of The Frontier Fund
April 9, 2012
Exhibit 32.10
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of the Frontier Diversified Series, a Series of The Frontier Fund on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on March 30, 2012 (the Report), each of the undersigned hereby certifies, to the best of his knowledge:
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of The Frontier Fund. |
/s/ Robert J. Enck |
Robert J. Enck |
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of the Frontier Diversified Series, a Series of The Frontier Fund
/s/ Brent Bales |
Brent Bales |
Principal Financial Officer of Equinox Fund
Management, LLC, the Managing Owner of the Frontier Diversified Series, a Series of The Frontier Fund
April 9, 2012
Exhibit 32.11
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of the Frontier Dynamic Series, a Series of The Frontier Fund on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on March 30, 2012 (the Report), each of the undersigned hereby certifies, to the best of his knowledge:
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of The Frontier Fund. |
/s/ Robert J. Enck
Robert J. Enck
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of the Frontier Dynamic Series, a Series of The Frontier Fund
/s/ Brent Bales
Brent Bales
Principal Financial Officer of Equinox Fund
Management, LLC, the Managing Owner of the Frontier Dynamic Series, a Series of The Frontier Fund
April 9, 2012
Exhibit 32.12
CERTIFICATION PURSUANT TO
18 U.S.C.§1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report of the Frontier Masters Series, a Series of The Frontier Fund on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on March 30, 2012 (the Report), each of the undersigned hereby certifies, to the best of his knowledge:
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of The Frontier Fund. |
/s/ Robert J. Enck
Robert J. Enck
President and Chief Executive Officer of Equinox Fund Management, LLC, the Managing Owner of the Frontier Masters Series, a Series of The Frontier Fund
/s/ Brent Bales
Brent Bales
Principal Financial Officer of Equinox Fund
Management, LLC, the Managing Owner of the Frontier Masters Series, a Series of The Frontier Fund
April 9, 2012
Organization
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12 Months Ended | ||||||||||||||||||||||||||||
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Dec. 31, 2011
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The Series Of The Frontier Fund [Member]
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Organization And Purpose | 1. Organization and Purpose The Frontier Fund, which is referred to in this report as the Trust, was formed on August 8, 2003, as a Delaware statutory trust. Please refer to the consolidated financial statements of the Trust included within this annual report. The Trust is a multi-advisor commodity pool, as described in Commodity Futures Trading Commission (the "CFTC") Regulation § 4.10(d)(2). The Trust has authority to issue separate series, or each, a Series, of units of beneficial interest (the "Units") pursuant to the requirements of the Delaware Statutory Trust Act, as amended (the "Trust Act"). The assets of each Series are valued and accounted for separately from the assets of other Series. The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended (the "Investment Company Act"). It is managed by its Managing Owner, Equinox Fund Management, LLC. Purchasers of Units are limited owners of the Trust ("Limited Owners") with respect to beneficial interests of the Series' Units purchased. The Trust Act provides that, except as otherwise provided in the amended and restated declaration of trust and trust agreement of the Trust dated as of August 8, 2003, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders from time to time (the "Trust Agreement"), unitholders in a Delaware statutory trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series' assets. Limited Owners do not have any such liability. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of all Series. The Trust has been organized to pool assets of investor funds for the purpose of trading in the United States ("U.S.") and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts ("Swaps"). The Trust has eleven (11) separate and distinct Series of Units issued and outstanding: Frontier Diversified Series, Frontier Dynamic Series (closed to outside investors effective July 15, 2011 and existing outside investors were liquidated as of July 15, 2011), Frontier Long/Short Commodity Series, Frontier Masters Series, Balanced Series, Berkeley/Graham/Tiverton Series (formerly Campbell/Graham/Tiverton Series), Currency Series, Long Only Commodity Series (ceased operations as of December 21, 2011), Managed Futures Index Series (ceased operations as of December 21, 2011), Winton Series and Winton/Graham Series (each a "Series" and collectively, the "Series"). The Trust may issue additional Series of Units. The Trust, with respect to each Series:
by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 or Class 1 a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to three percent (3.0%) of the NAV at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to Selling Agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Series, Frontier Dynamic Series and Frontier Masters Series or Class 2a Units of the Frontier Long/Short Commodity Series) sold until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series. The Managing Owner may also pay Selling Agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such Selling Agents; and
The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust on account of and for the benefit of that Series. Under the "Inter-Series Limitation on Liability" expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, is maintained in the books and records of each Series. As of December 31, 2011, the Trust, with respect to the Frontier Diversified Series, Frontier Dynamic Series, Frontier Masters Series, Berkeley/Graham/Tiverton Series, Currency Series, Long Only Commodity Series, Managed Futures Index Series, Winton Series and Winton/Graham Series separates Units into three separate Classes—Class 1, Class 2, and Class 3. The Trust, with respect to the Balanced Series, and Frontier Long/Short Commodity Series separates Units into six separate Classes – Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a. It is expected that between 10% and 30% of each Series' assets normally will be invested in one or more Trading Companies to be committed as margin for trading positions, but from time to time these percentages may be substantially more or less. The remainders of each Series' assets are maintained at the Trust level for cash management. Each of the respective Series has invested monies into pooled cash management assets which have included purchases of certificates of deposit, custom time deposits and U.S. Treasury securities. Each Series' ownership in these investments is based on its percentage ownership in the pooled cash management assets on the reporting date. As of December 31, 2011, Winton Series has invested a portion of its assets in a single Trading Company, and a single Trading Advisor manages 100% of the assets invested in such Trading Company. The Currency Series invests a portion of its assets in a single Trading Company, which allocates assets to one Swap. Each of the Frontier Diversified Series, Frontier Masters Series, Frontier Long/Short Commodity Series, Balanced Series, Berkeley/Graham/Tiverton Series, and Winton/Graham Series has invested a portion of its assets in several different Trading Companies and has multiple Trading Advisors that manage the assets invested in such Trading Companies. In November 2010, the Berkeley/Graham/Tiverton Series invested a portion of its assets in Berkeley Quantitative Colorado Fund LLC, an unaffiliated company, managed by an affiliate of Berkeley Quantitative L.P. Through this investment, Berkeley Quantitative L.P. became a commodity trading advisor to the Series. During July, 2011, Currency Series liquidated its interest in an option basket and realized a decrease in fair value greater than had previously been recorded as unrealized loss. The Managing Owner determined to make a onetime administrative adjustment by payment to the Currency Series of $390,589 to reimburse the effect of the loss on the investors in the series, exclusive of the inter-series payables' interests, recorded in the Statements of Operations as Net increase from payments by managing owner. |
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The Frontier Fund [Member]
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Organization And Purpose | 1. Organization and Purpose The Frontier Fund, which is referred to in this report as "the Trust", was formed on August 8, 2003, as a Delaware statutory trust. The Trust is a multi-advisor commodity pool, as described in Commodity Futures Trading Commission (the "CFTC") Regulation § 4.10(d)(2). The Trust has authority to issue separate series, or each, a Series, of units of beneficial interest (the "Units") pursuant to the requirements of the Delaware Statutory Trust Act, as amended (the "Trust Act"). The assets of each Series are valued and accounted for separately from the assets of other Series. The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended (the "Investment Company Act"). It is managed by its Managing Owner, Equinox Fund Management, LLC. Purchasers of Units are limited owners of the Trust ("Limited Owners") with respect to beneficial interests of the Series' Units purchased. The Trust Act provides that, except as otherwise provided in the amended and restated declaration of trust and trust agreement of the Trust dated as of August 8, 2003, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders from time to time (the "Trust Agreement"), unitholders in a Delaware statutory trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series' assets. Limited Owners do not have any such liability. The Managing Owner will make contributions to Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of all Series. The Trust has been organized to pool assets of investor funds for the purpose of trading in the United States ("U.S.") and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts ("Swaps"). The Trust has eleven (11) separate and distinct Series of Units issued and outstanding: Frontier Diversified Series, Frontier Dynamic Series (closed to outside investors effective July 15, 2011 and existing outside investors liquidated as of July 15, 2011), Frontier Long/Short Commodity Series, Frontier Masters Series, Balanced Series, Berkeley/Graham/Tiverton Series (formerly Campbell/Graham/Tiverton Series), Currency Series, Long Only Commodity Series (ceased operations as of December 21, 2011), Managed Futures Index Series (ceased operations as of December 21, 2011), Winton Series and Winton/Graham Series (each a "Series" and collectively, the "Series"). The Trust financial statements are comprised of unitized Series which are consolidated into the Trust financial statements. However, the consolidated Trust does not issue units. The Trust, with respect to each Series:
The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust on account of and for the benefit of that Series. Under the "Inter-Series Limitation on Liability" expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, is maintained in the books and records of each Series. As of December 31, 2011, the Trust, with respect to the Frontier Diversified Series, Frontier Dynamic Series, Frontier Masters Series, Berkeley/Graham/Tiverton Series, Currency Series, Long Only Commodity Series, Managed Futures Index Series, Winton Series and Winton/Graham Series separates Units into three separate Classes—Class 1, Class 2, and Class 3. The Trust, with respect to the Balanced Series, and Frontier Long/Short Commodity Series separates Units into six separate Classes – Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a. It is expected that between 10% and 30% of each Series' assets normally will be invested in one or more Trading Companies to be committed as margin for trading positions, but from time to time these percentages may be substantially more or less. The remainders of each Series' assets are maintained at the Trust level for cash management. Each of the respective Series has invested monies into pooled cash management assets which have included purchases of certificates of deposit, custom time deposits and U.S. Treasury securities. Each Series' ownership in these investments is based on its percentage ownership in the pooled cash management assets on the reporting date. Each Series of the Trust may invest a portion of its assets in a single Trading Company or in several different Trading Companies and may have multiple Trading Advisors that manage the assets invested in such Trading Companies. In November 2010, the Berkeley/Graham/Tiverton Series of the Trust invested a portion of its assets in Berkeley Quantitative Colorado Fund LLC, an unaffiliated company, managed by an affiliate of Berkeley Quantitative L.P. Through this investment, Berkeley Quantitative L.P. became a commodity trading advisor to the Trust. During July, 2011, Currency Series of the Trust liquidated its interest in an option basket and realized a decrease in fair value greater than had previously been recorded as unrealized loss. The Managing Owner determined to make a onetime administrative adjustment by payment to the Currency Series of $390,589 to reimburse the effect of the loss on the investors in the series, exclusive of the inter-series payables' interests, recorded in the Consolidated Statements of Operations as Net increase from payments by managing owner. |
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The Trading Companies Of The Frontier Fund [Member]
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Organization And Purpose | 1. Organization and Purpose These financial statements and related notes pertain to the following companies: Frontier Trading Company I LLC, Frontier Trading Company II LLC, Frontier Trading Company III LLC, Frontier Trading Company V LLC, Frontier Trading Company VI LLC, Frontier Trading Company VII, LLC, Frontier Trading Company VIII, LLC, Frontier Trading Company IX, LLC, Frontier Trading Company X, LLC, Frontier Trading Company XI, LLC, Frontier Trading Company XII, LLC, Frontier Trading Company XIV, LLC, Frontier Trading Company XV, LLC, Frontier Trading Company XVII, LLC, Frontier Trading Company XVIII, LLC, and Frontier Trading Company XXI, LLC (the "Trading Companies"). The Frontier Fund (the "Trust"), was formed as a Delaware statutory trust on August 8, 2003, with separate Series of Units (the "Series"). Its term will expire on December 31, 2053 (unless terminated earlier in certain circumstances). The Trust is a multi-advisor commodity pool as described in Commodity Futures Trading Commission, or CFTC Regulation § 4.10(d)(2). All capital of the Trading Companies is provided by the Series and there are no other investors in the Trading Companies. Each Trading Company authorizes certain Trading Advisors to place trades and manage assets at pre-determined investment levels. The Trading Companies were organized for the purpose of investing in securities and derivative instruments, and have no operating income or expenses, except for trading income and expenses. Trading Companies engage in the speculative trading of a diversified portfolio of futures, forward (including interbank foreign currencies) and options contracts and other derivative instruments and may, from time to time, engage in cash and spot transactions. A brief description of the Trust's main types of investments is set forth below:
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Indemnifications
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12 Months Ended |
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Dec. 31, 2011
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The Series Of The Frontier Fund [Member]
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Indemnifications | 10. Indemnifications The Series have entered into agreements, which provide for the indemnification of futures clearing brokers, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. The Trust has had no prior claims or payments pursuant to these agreements. The Trust's individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. |
The Frontier Fund [Member]
|
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Indemnifications | 9. Indemnifications The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. The Trust has had no prior claims or payments pursuant to these agreements. The Trust's individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. |
The Trading Companies Of The Frontier Fund [Member]
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Indemnifications | 8. Indemnifications
The Trading Companies have entered into agreements, which provide for the indemnification of futures clearing brokers, currency trading companies, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. The Trading Companies have had no prior claims or payments pursuant to these agreements. The Trading Companies' individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trading Companies that have not yet occurred. However, based on experience the Trading Companies expect the risk of loss to be remote. |
Derivative Instruments And Hedging Activities
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2011
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The Series Of The Frontier Fund [Member]
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Derivative Instruments And Hedging Activities | 8. Derivative Instruments and Hedging Activities The Series' primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Series do not enter into or hold positions for hedging purposes as defined under ASC 815. The detail of the fair value of the Series' derivatives by instrument types as of December 31, 2011 and 2010 is included in the Condensed Schedules of Investments. See Note 4 for further disclosure related to each Series' position in swap contracts. This activity was performed by affiliated Trading Companies and does not include activity of unaffiliated trading Company investments. The following tables summarize the monthly averages of futures contracts bought and sold for each respective Series of the Trust:
For The Year Ended December 31, 2011
For The Year Ended December 31, 2010
The following tables summarize the trading revenues for the years ended December 31, 2011, 2010 and 2009 by contract: Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2011 (1)
Net Change in Open Trade Equity from Futures, Forwards and Options for the Year Ended December 31, 2011 (1)
Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2010 (1)
Net Change in Open Trade Equity from Futures, Forwards and Options for the Year Ended December 31, 2010 (1)
Realized Trading Revenue from Futures, Forwards and Options for the Twelve Months Ended December 31, 2009 (1)
Net Change in Open Trade Equity from Futures, Forwards and Options for the Twelve Months Ended December 31, 2009 (1)
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The Frontier Fund [Member]
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Derivative Instruments And Hedging Activities | 7. Derivative Instruments and Hedging Activities
The Trust's primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Trust does not enter into or hold positions for hedging purposes as defined under ASC 815. The detail of the fair value of the Trust's derivatives by instrument types as of December 31, 2011 and 2010 is included in the Consolidated Condensed Schedules of Investments. See Note 4 for further disclosure related to the Trust's positions in swap contracts. For the year ended December 31, 2011and 2010, the monthly average of futures contracts bought was approximately 154,390 and 143,500, respectively and sold was approximately 156,500 and 109,700, respectively. The following tables summarize the trading revenues for the years ended December 31, 2011 and 2010 approximately by contract: Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2011 (2)
Unrealized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2011 (1)
Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2010 (2)
Unrealized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2010 (1)
Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2009 (2)
Unrealized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2009(1)
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The Trading Companies Of The Frontier Fund [Member]
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Derivative Instruments And Hedging Activities | 6. Derivative Instruments and Hedging Activities The Trading Companies' primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Trading Companies do not enter into or hold positions for hedging purposes as defined under ASC 815. The detail of the fair value of the Trading Companies' derivatives by instrument types as of December 31, 2011 and 2010 is included in the Condensed Schedules of Investments. See Note 4 for further disclosure related to the Trading Companies' positions in swap contracts.
The following tables summarize the monthly averages of futures contracts bought and sold for each respective Series of the Trust: For The Year Ended December 31, 2011
For The Year Ended December 31, 2010
The following tables summarize the trading revenues for the years ended December 31, 2011, 2010 and 2009, approximately by sector: Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2011 (2)
Unrealized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2011 (1)
Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2010 (2)
Unrealized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2010 (1)
Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2009 (2)
Unrealized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2009 (1)
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Statements Of Changes In Owners' Capital (The Series Of The Frontier Fund - Frontier Diversified And Dynamic Series) (USD $)
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12 Months Ended | |||||||||||||||
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Dec. 31, 2011
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Dec. 31, 2010
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Dec. 31, 2009
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Dec. 31, 2008
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Frontier Diversified Series [Member]
|
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Sale of Units | $ 44,490,694 | [1] | $ 100,025,158 | [1] | $ 57,792,453 | [1] | ||||||||||
Redemption of Units | (65,630,504) | [1] | (8,295,195) | [1] | (169,418) | [1] | ||||||||||
Net increase/ (decrease) in Owners' Capital resulting from operations | (4,382,558) | [1] | 11,449,890 | [1] | (1,306,916) | [1] | ||||||||||
Change in control of ownership - Trading Companies | 172,237 | [1] | ||||||||||||||
Distributions | (15,232) | [1] | ||||||||||||||
Operations attributable to non-controlling interests | (157,005) | [1] | ||||||||||||||
Owners' Capital | 133,973,604 | [1] | 159,495,972 | [1] | 56,316,119 | [1] | ||||||||||
Owners' Capital - Units, Sale of Units | 423,027 | [1] | 1,023,195 | [1] | 581,063 | [1] | ||||||||||
Owners' Capital - Units, Redemption of Units | (624,060) | [1] | (80,843) | [1] | (1,700) | [1] | ||||||||||
Owners' Capital - Units | 1,320,682 | [1] | 1,521,715 | [1] | 579,363 | [1] | ||||||||||
Frontier Diversified Series [Member] | Managing Owner Class 1 [Member]
|
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Sale of Units | 27,500 | [1] | ||||||||||||||
Net increase/ (decrease) in Owners' Capital resulting from operations | (1,150) | [1] | 1,863 | [1] | (879) | [1] | ||||||||||
Owners' Capital | 27,334 | [1] | 28,484 | [1] | 26,621 | [1] | ||||||||||
Owners' Capital - Units, Sale of Units | 275 | [1] | ||||||||||||||
Owners' Capital - Units | 275 | [1] | 275 | [1] | 275 | [1] | ||||||||||
Frontier Diversified Series [Member] | Managing Owner Class 2 [Member]
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Sale of Units | 200,000 | [1] | 965,000 | [1] | 547,500 | [1] | ||||||||||
Redemption of Units | (300,000) | [1] | ||||||||||||||
Net increase/ (decrease) in Owners' Capital resulting from operations | (40,487) | [1] | 118,437 | [1] | (3,710) | [1] | ||||||||||
Owners' Capital | 1,486,740 | [1] | 1,627,227 | [1] | 543,790 | [1] | ||||||||||
Owners' Capital - Units, Sale of Units | 1,818 | [1] | 9,723 | [1] | 5,562 | [1] | ||||||||||
Owners' Capital - Units, Redemption of Units | (2,802) | [1] | ||||||||||||||
Owners' Capital - Units | 14,301 | [1] | 15,285 | [1] | 5,562 | [1] | ||||||||||
Frontier Diversified Series [Member] | Limited Owners Class 1 [Member]
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Sale of Units | 26,631,502 | [1] | 56,557,502 | [1] | 33,782,890 | [1] | ||||||||||
Redemption of Units | (41,207,525) | [1] | (5,635,008) | [1] | (10,924) | [1] | ||||||||||
Net increase/ (decrease) in Owners' Capital resulting from operations | (3,020,052) | [1] | 6,137,234 | [1] | (838,047) | [1] | ||||||||||
Owners' Capital | 72,397,572 | [1] | 89,993,647 | [1] | 32,933,919 | [1] | ||||||||||
Owners' Capital - Units, Sale of Units | 256,557 | [1] | 583,661 | [1] | 340,324 | [1] | ||||||||||
Owners' Capital - Units, Redemption of Units | (397,037) | [1] | (55,025) | [1] | (110) | [1] | ||||||||||
Owners' Capital - Units | 728,370 | [1] | 868,850 | [1] | 340,214 | [1] | ||||||||||
Change in net asset value per unit | $ (4.18) | [1] | $ 6.78 | [1] | $ (3.20) | [1] | ||||||||||
Net asset value per unit | $ 99.40 | [1] | $ 103.58 | [1] | $ 96.80 | [1] | $ 100.00 | [1],[2] | ||||||||
Frontier Diversified Series [Member] | Limited Owners Class 2 [Member]
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Sale of Units | 17,659,192 | [1] | 42,502,656 | [1] | 23,434,563 | [1] | ||||||||||
Redemption of Units | (24,122,979) | [1] | (2,660,187) | [1] | (158,494) | [1] | ||||||||||
Net increase/ (decrease) in Owners' Capital resulting from operations | (1,320,869) | [1] | 5,192,356 | [1] | (464,280) | [1] | ||||||||||
Owners' Capital | 60,061,958 | [1] | 67,846,614 | [1] | 22,811,789 | [1] | ||||||||||
Owners' Capital - Units, Sale of Units | 164,652 | [1] | 429,811 | [1] | 234,902 | [1] | ||||||||||
Owners' Capital - Units, Redemption of Units | (224,221) | [1] | (25,818) | [1] | (1,590) | [1] | ||||||||||
Owners' Capital - Units | 577,736 | [1] | 637,305 | [1] | 233,312 | [1] | ||||||||||
Change in net asset value per unit | $ (2.50) | [1] | $ 8.69 | [1] | $ (2.23) | [1] | ||||||||||
Net asset value per unit | $ 103.96 | [1] | $ 106.46 | [1] | $ 97.77 | [1] | $ 100.00 | [1],[2] | ||||||||
Frontier Diversified Series [Member] | Non-Controlling Interests [Member]
|
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Change in control of ownership - Trading Companies | 172,237 | [1] | ||||||||||||||
Distributions | (15,232) | [1] | ||||||||||||||
Operations attributable to non-controlling interests | (157,005) | [1] | ||||||||||||||
Frontier Dynamic Series [Member]
|
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Sale of Units | 206,700 | [1] | 993,636 | [1] | 933,569 | [1] | ||||||||||
Redemption of Units | (1,776,990) | [1] | (281,352) | [1] | ||||||||||||
Net increase/ (decrease) in Owners' Capital resulting from operations | (62,632) | [1],[3] | 23,721 | [1],[3] | (36,652) | [1],[3] | ||||||||||
Owners' Capital | 1,632,922 | [1],[4] | 896,917 | [1] | ||||||||||||
Owners' Capital - Units, Sale of Units | 2,227 | [1] | 10,961 | [1] | 9,782 | [1] | ||||||||||
Owners' Capital - Units, Redemption of Units | (19,871) | [1] | (3,099) | [1] | ||||||||||||
Owners' Capital - Units | 17,644 | [1] | 9,782 | [1] | ||||||||||||
Frontier Dynamic Series [Member] | Managing Owner Class 1 [Member]
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||||||||||||||||
Sale of Units | 27,500 | [1] | ||||||||||||||
Redemption of Units | (24,214) | [1] | ||||||||||||||
Net increase/ (decrease) in Owners' Capital resulting from operations | (1,068) | [1] | 140 | [1] | (2,358) | [1] | ||||||||||
Owners' Capital | 25,282 | [1] | 25,142 | [1] | ||||||||||||
Owners' Capital - Units, Sale of Units | 275 | [1] | ||||||||||||||
Owners' Capital - Units, Redemption of Units | (275) | [1] | ||||||||||||||
Owners' Capital - Units | 275 | [1] | 275 | [1] | ||||||||||||
Frontier Dynamic Series [Member] | Managing Owner Class 2 [Member]
|
||||||||||||||||
Sale of Units | 27,500 | [1] | ||||||||||||||
Redemption of Units | (25,098) | [1] | ||||||||||||||
Net increase/ (decrease) in Owners' Capital resulting from operations | (862) | [1] | 590 | [1] | (2,130) | [1] | ||||||||||
Owners' Capital | 25,960 | [1] | 25,370 | [1] | ||||||||||||
Owners' Capital - Units, Sale of Units | 275 | [1] | ||||||||||||||
Owners' Capital - Units, Redemption of Units | (275) | [1] | ||||||||||||||
Owners' Capital - Units | 275 | [1] | 275 | [1] | ||||||||||||
Frontier Dynamic Series [Member] | Limited Owners Class 1 [Member]
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||||||||||||||||
Sale of Units | 165,200 | [1] | 860,542 | [1] | 601,269 | [1] | ||||||||||
Redemption of Units | (1,307,577) | [1] | (261,947) | [1] | ||||||||||||
Net increase/ (decrease) in Owners' Capital resulting from operations | (51,563) | [1] | 14,232 | [1] | (20,156) | [1] | ||||||||||
Owners' Capital | 1,193,940 | [1] | 581,113 | [1] | ||||||||||||
Owners' Capital - Units, Sale of Units | 1,791 | [1] | 9,518 | [1] | 6,356 | [1] | ||||||||||
Owners' Capital - Units, Redemption of Units | (14,778) | [1] | (2,887) | [1] | ||||||||||||
Owners' Capital - Units | 12,987 | [1] | 6,356 | [1] | ||||||||||||
Change in net asset value per unit | $ (3.89) | [1] | $ 0.51 | [1] | $ (8.57) | [1] | ||||||||||
Net asset value per unit | $ 88.05 | [1],[4] | $ 91.94 | [1] | $ 91.43 | [1] | $ 100.00 | [1],[2] | ||||||||
Frontier Dynamic Series [Member] | Limited Owners Class 2 [Member]
|
||||||||||||||||
Sale of Units | 41,500 | [1] | 133,094 | [1] | 277,300 | [1] | ||||||||||
Redemption of Units | (420,101) | [1] | (19,405) | [1] | ||||||||||||
Net increase/ (decrease) in Owners' Capital resulting from operations | (9,139) | [1] | 8,759 | [1] | (12,008) | [1] | ||||||||||
Owners' Capital | $ 387,740 | [1] | $ 265,292 | [1] | ||||||||||||
Owners' Capital - Units, Sale of Units | 436 | [1] | 1,443 | [1] | 2,876 | [1] | ||||||||||
Owners' Capital - Units, Redemption of Units | (4,543) | [1] | (212) | [1] | ||||||||||||
Owners' Capital - Units | 4,107 | [1] | 2,876 | [1] | ||||||||||||
Change in net asset value per unit | $ (3.14) | [1] | $ 2.15 | [1] | $ (7.75) | [1] | ||||||||||
Net asset value per unit | $ 91.26 | [1],[4] | $ 94.40 | [1] | $ 92.25 | [1] | $ 100.00 | [1],[2] | ||||||||
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Swaps
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2011
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The Series Of The Frontier Fund [Member]
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Swaps | 4. Swaps In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return Swaps, selected at the direction of the Managing Owner. Total return Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return Swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or "swapped" between the parties are calculated with respect to a "notional amount" (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a "basket" of securities. Each Series invests in Credit Default Swaps ("CDS") with highly-rated counterparties as part of its portfolio. CDSs are over-the-counter investment instruments designed to mitigate counterparty risk and generally pay upon the happening of a credit default of a counterparty. The CDS are allocated to each Series based on their percentage ownership in the pooled cash management assets at U.S. Bank National Association as of the reporting date. Approximately 27% of the Trust's U.S. Bank National Association exposure is risk-hedged in this manner with BNP Paribas through March 20, 2012, and 8% with Societe Generale through March 20, 2012. Each Series' investment in swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The Swaps serve to diversify the investment holdings of each Series and to provide access to programs and advisors that would not be otherwise available to the Series, and are not used for hedging purposes. The Managing Owner follows a procedure in selecting well-established financial institutions which the Managing Owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of the relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the Managing Owner's minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. As of December 31, 2011, approximately 5.0% of the Trust's assets were deposited with over-the-counter counterparties in order to initiate and maintain Swaps. The Series may strategically invest assets in one or more swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of these Series will be invested will not own any of the investments or indices referenced by any Swap entered into by these Series. In addition, neither the swap counterparty to the Trading Company of these Series nor any advisor referenced by any such Swap is a Trading Advisor to these Series.
The Series have invested in the following Swaps as of December 31, 2011:
The Series have invested in the following Swaps as of December 31, 2010:
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The Frontier Fund [Member]
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Swaps | 4. Swaps In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return swaps, selected at the direction of the Managing Owner. Total return Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return Swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or "swapped" between the parties are calculated with respect to a "notional amount" (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a "basket" of securities. The Trust invests in Credit Default Swaps ("CDS") with highly-rated counterparties as part of its portfolio. CDSs are over-the-counter investment instruments designed to mitigate counterparty risk and generally pay upon the happening of a credit default of a counterparty. The CDS are allocated to each Series based on their percentage ownership in the pooled cash management assets at U.S. Bank National Association as of the reporting date. Approximately 27% of the Trust's U.S. Bank National Association exposure is risk-hedged in this manner with BNP Paribas through March 20, 2012, and 8% with Societe Generale through March 20, 2012. The Trust's investment in Swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The Swaps serve to diversify the investment holdings of the Trust and to provide access to programs and advisors that would not be otherwise available to the Trust, and are not used for hedging purposes. The Managing Owner follows a procedure in selecting well-established financial institutions which the Managing Owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of the relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the Managing Owner's minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. As of December 31, 2011, approximately 5.0% of the Trust's assets were deposited with over-the-counter counterparties in order to initiate and maintain Swaps. The Trust strategically invests assets in one or more swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of the Trust will be invested will not own any of the investments or indices referenced by any swap entered into by the Trust. In addition, neither the swap counterparty nor any advisor referenced by any such swap is a Trading Advisor to the Trust.
The Trust has invested in the following Swaps as of December 31, 2011:
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The Trading Companies Of The Frontier Fund [Member]
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Swaps | 4. Swaps In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures and forward contracts, certain Trading Companies of the Trust will strategically invest a portion or all of their assets in total return swaps, selected at the direction of management. Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or "swapped" between the parties are calculated with respect to a "notional amount" (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a "basket" of securities. Each Trading Companies' investment in swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The Swaps serve to diversify the investment holdings of each Trading Company and to provide access to programs and advisors that would not be otherwise available to the Trading Companies, and are not used for hedging purposes. Management follows a procedure in selecting well-established financial institutions which management, in its sole discretion, considers to be reputable, reliable, financially responsible and well established, to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the managements' minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. The Trading Companies strategically invest assets in one or more swaps linked to certain underlying investments or indices, at the direction of management. The Trading Companies will not own any of the investments or indices referenced by any swap. In addition, the swap counterparty to the Trading Company is not a Trading Advisor to these Trading Companies.
The Trading Companies have invested in the following Swaps as of December 31, 2011.
The Trading Companies have invested in the following Swaps as of December 31, 2010.
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Statements Of Cash Flows (The Frontier Fund) (The Frontier Fund [Member], USD $)
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12 Months Ended | ||
---|---|---|---|
Dec. 31, 2011
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Dec. 31, 2010
|
Dec. 31, 2009
|
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The Frontier Fund [Member]
|
|||
Cash Flows from Operating Activities: | |||
Net increase/(decrease) in capital resulting from operations | $ (25,348,280) | $ 90,880,013 | $ (28,845,555) |
Adjustments to reconcile net increase/(decrease) in capital resulting from operations to net cash provided by (used in) operating activities: | |||
Net change in open trade equity, at fair value | 28,511,425 | (6,846,087) | 24,190,631 |
Net unrealized gain/(loss) on swap contracts | 11,724,468 | (14,287,024) | 22,000,291 |
Net realized gain/(loss) on swap contracts | 9,630,838 | (509,662) | (883,900) |
Net unrealized gain/(loss) on U.S. Treasury securities | 624,520 | (1,842,780) | 4,056,172 |
Net realized (gain)/loss on U.S. Treasury securities | (185,594) | 555,749 | 475,991 |
Net increase in payments from Managing Owner | (390,589) | ||
Net realized (gain)/loss on investment in Berkeley Quantitative Colorado Fund, LLC | 135,775 | ||
Net unrealized (gain)/loss on investment in Berkeley Quantitative Colorado Fund, LLC | 2,238,083 | (157,099) | |
(Purchases) sales of: | |||
Sales of swap contracts | 66,705,656 | 9,250,733 | 3,231,840 |
(Purchases) of swap contracts | (7,004,112) | (18,184,063) | (42,465,133) |
(Purchases) of U.S. Treasury securities, at fair value | (63,268,374) | ||
Sales of custom time deposits | 90,119,989 | ||
(Purchases) of custom time deposits | (111,179,807) | ||
Sale of certificates of deposit | 85,123,779 | ||
Sale of Berkeley Quantitative Colorado Fund LLC | 1,512,397 | ||
Purchase of Berkeley Quantitative Colorado Fund, LLC | (10,000,000) | ||
Increase and/or decrease in: | |||
Receivable from futures commission merchants | 57,688,055 | (93,266,222) | (73,735,646) |
Change in control of ownership - trading companies | (11,390,610) | ||
Contributions to trading companies | 10,239,857 | ||
Distributions from trading companies | (7,871) | ||
Prepaid service fees | 356,824 | 651,267 | 430,928 |
Interest receivable | (7,833) | 544 | (546) |
Receivable from related parties | 4,915 | 41,251 | |
Other assets | (76,633) | (19,614) | 80,509 |
Incentive fees payable to Managing Owner | (5,489,678) | 5,616,497 | (743,699) |
Management fees payable to Managing Owner | (14,526) | 466,598 | 563,077 |
Interest payable to Managing Owner | 123,890 | 305,775 | 173,094 |
Trading fees payable to Managing Owner | 5,849 | 395,587 | 272,679 |
Trailing service fees payable to Managing Owner | 98,856 | 322,176 | 266,390 |
Payables to related parties | (214,272) | 216,005 | |
Other liabilities | (21,498) | 19,269 | (195,355) |
Net cash provided by (used in) operating activities | 230,715,739 | (100,846,550) | (117,332,813) |
Cash Flows from Financing Activities: | |||
Proceeds from sale of units | 103,879,050 | 172,670,747 | 249,405,648 |
Payment for redemption of units | (327,022,629) | (119,428,204) | (92,780,418) |
Pending owner additions | (581,868) | (2,677,385) | 661,284 |
Redemptions payable | 2,469,961 | 249,337 | 380,156 |
Net cash provided by (used in) financing activities | (221,255,486) | 50,814,495 | 157,666,670 |
Net Increase (Decrease) in cash and cash equivalents | 9,460,253 | (50,032,055) | 40,333,857 |
Cash and cash equivalents, beginning of year or period | 17,992,550 | 68,024,605 | 27,690,748 |
Cash and cash equivalents, end of year or period | $ 27,452,803 | $ 17,992,550 | $ 68,024,605 |
Trading Activities And Related Risks
|
12 Months Ended |
---|---|
Dec. 31, 2011
|
|
The Series Of The Frontier Fund [Member]
|
|
Trading Activities And Related Risks | 9. Trading Activities and Related Risks The purchase and sale of futures and options on futures contracts require margin deposits with Futures Commission Merchants (each, an "FCM"). Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM's proprietary activities. A customer's cash and other property (for example, U.S. Treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM's segregation requirements. In the event of an FCM's insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term "off-balance sheet risk" refers to an unrecorded potential liability that, even though it does not appear on the statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company are unable to offset such futures interests positions, such Trading Company could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor's portfolio. It is anticipated that any Trading Advisor's margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. In addition to market risk, trading futures, forward and swap contracts entails credit risk in that a counterparty will not be able to meet its obligations to a Trading Company. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals' markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
The Frontier Fund [Member]
|
|
Trading Activities And Related Risks | 8. Trading Activities and Related Risks The purchase and sale of futures and options on futures contracts require margin deposits with Futures Commission Merchants (each, an "FCM"). Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM's proprietary activities. A customer's cash and other property (for example, U.S. Treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM's segregation requirements. In the event of an FCM's insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term "off-balance sheet risk" refers to an unrecorded potential liability that, even though it does not appear on the statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company are unable to offset such futures interests positions, such Trading Company could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor's portfolio. It is anticipated that any Trading Advisor's margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time.
In addition to market risk, trading futures, forward and swap contracts entails credit risk in that a counterparty will not be able to meet its obligations to a Trading Company. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals' markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
The Trading Companies Of The Frontier Fund [Member]
|
|
Trading Activities And Related Risks | 7. Trading Activities and Related Risks
The purchase and sale of futures and options on futures contracts require margin deposits with Futures Commodities Merchants (each, an "FCM"). Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM's proprietary activities. A customer's cash and other property (for example, U.S. Treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM's segregation requirements. In the event of an FCM's insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term "off-balance sheet risk" refers to an unrecorded potential liability that, even though it does not appear on the Statement of Financial Condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company are unable to offset such futures interests positions, such Trading Company could lose all of its assets and the holders of Units of such Series would realize a 100% loss. Management will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor's portfolio. It is anticipated that any Trading Advisor's margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. In addition to market risk, trading futures, forward and swap contracts entails credit risk in that a counterparty will not be able to meet its obligations to a Trading Company. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals' markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. Management expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company.
Management has established procedures to actively monitor and minimize market and credit risks. Investors in units of the Frontier Fund Series bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
Condensed Schedules Of Investments (The Series Of The Frontier Fund - Balanced, Berkeley/Graham/Tiverton, Currency And Long Only Commodity Series) (USD $)
|
Dec. 31, 2011
|
Dec. 31, 2010
|
||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
U.S. Treasury Note 3.875% Due 02/15/2013 (Cost $38,125,391) [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | $ 36,500,000.00 | [1] | $ 36,500,000.00 | [1] | ||||||||||
U.S. Treasury Note 4.000% Due 02/15/2015 (Cost $38,016,039) [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 36,700,000.00 | [1] | 36,700,000.00 | [1] | ||||||||||
Balanced Series [Member] | Total Open Trade Equity (Deficit) [Member]
|
||||||||||||||
Investment Owned, Value | 9,778,088 | [2] | 26,090,210 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 3.12% | [2] | 6.07% | [2] | ||||||||||
Balanced Series [Member] | Total Return Option Basket Swap (Termination Date 11/6/12) [Member]
|
||||||||||||||
Investment Owned, Value | 17,706,757 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 5.97% | [3] | ||||||||||||
Balanced Series [Member] | Total Return Option Basket Swap (Termination Date 6/30/16) [Member]
|
||||||||||||||
Investment Owned, Value | 5,881,772 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 1.98% | [3] | ||||||||||||
Balanced Series [Member] | Total Swaps [Member]
|
||||||||||||||
Investment Owned, Value | 23,819,312 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 8.03% | [3] | ||||||||||||
Balanced Series [Member] | Investment in Berkeley Quantitative Colorado Fund, LLC (Cost Of $8,487,603) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||||||||||||
Balanced Series [Member] | Investment in Berkeley Quantitative Colorado Fund, LLC (Cost Of $10,000,000) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||||||||||||
Balanced Series [Member] | U.S. Treasury Note 3.875% Due 02/15/2013 (Cost $38,125,391) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 4.74% | [1] | 3.13% | [1] | ||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 14,052,173 | [1] | 13,418,389 | [1] | ||||||||||
Balanced Series [Member] | U.S. Treasury Note 4.000% Due 02/15/2015 (Cost $38,016,039) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 5.10% | [1] | 3.23% | [1] | ||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 15,116,043 | [1] | 13,835,108 | [1] | ||||||||||
Balanced Series [Member] | Total U.S. Treasury Note Fair Value [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 9.84% | 6.36% | ||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 29,168,216 | 27,253,497 | ||||||||||||
Balanced Series [Member] | U.S. Treasury Note 3.875% Due 02/15/2013 [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 13,517,520 | [1] | 12,560,178 | [1] | ||||||||||
Investment Owned, at Cost | 14,119,472 | [1] | 13,119,498 | [1] | ||||||||||
Balanced Series [Member] | U.S. Treasury Note 4.000% Due 02/15/2015 [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 13,591,588 | [1] | 12,629,001 | [1] | ||||||||||
Investment Owned, at Cost | 14,078,974 | [1] | 13,081,869 | [1] | ||||||||||
Balanced Series [Member] | Total U.S. Treasury Note Face Value [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 27,109,108 | 25,189,179 | ||||||||||||
Balanced Series [Member] | Total U.S. Treasury Note Cost [Member]
|
||||||||||||||
Investment Owned, at Cost | 28,198,446 | 26,201,367 | ||||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Base Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | (1,930,354) | [2] | 1,088,633 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.65%) | [2] | 0.25% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Base Metals Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, Value | (3,533,012) | [2] | 8,015,226 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (1.19%) | [2] | 1.87% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Copper @ LME Settling 3/16/2011 (Number Of Contracts: 215) [Member]
|
||||||||||||||
Investment Owned, Value | 6,234,313 | [2] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 1.46% | [2] | ||||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | 122,059 | [2] | 1,192,754 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.04% | [2] | 0.28% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, Value | 11,380 | [2] | 54,979 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.01% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | (23,315) | [2] | 1,008,666 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | [2] | 0.24% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, Value | (300,490) | [2] | 119,345 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.10%) | [2] | 0.03% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | 407,889 | [2] | 394,589 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.14% | [2] | 0.09% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, Value | 56,394 | [2] | 19,156 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | [2] | 0.00% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, Value | 1,984,386 | [2] | 397,103 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.67% | [2] | 0.09% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, Value | 57,916 | [2] | 171,547 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | [2] | 0.04% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Precious Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | (152,208) | [2] | 1,284,530 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.05%) | [2] | 0.30% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | 230,760 | [2] | 4,124,449 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.08% | [2] | 0.96% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, Value | 1,440 | [2] | 178,197 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.04% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, Value | 12,801 | [2] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | 185,788 | [2] | 185,280 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.06% | [2] | 0.04% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, Value | 5,579 | [2] | 20,301 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, Value | 67,663 | [2] | (347,494) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | [2] | (0.08%) | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, Value | (171,692) | [2] | 93,974 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.06%) | [2] | 0.02% | [2] | ||||||||||
Balanced Series [Member] | Long Futures Contracts [Member] | Total Long Futures Contracts [Member]
|
||||||||||||||
Investment Owned, Value | (2,979,817) | [2] | 24,248,349 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (1.01%) | [2] | 5.65% | [2] | ||||||||||
Balanced Series [Member] | Options Purchased [Member]
|
||||||||||||||
Investment Owned, Value | 11,928,779 | [2] | 24,855,339 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 4.02% | [2] | 5.80% | [2] | ||||||||||
Balanced Series [Member] | Options Purchased [Member] | Copper @ LME Settling 3/1/2011, Call @ 8,400 (Number Of Contracts: 131) [Member]
|
||||||||||||||
Investment Owned, Value | 4,299,158 | [2] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 1.00% | [2] | ||||||||||||
Balanced Series [Member] | Options Purchased [Member] | Total Options Purchased [Member]
|
||||||||||||||
Investment Owned, Value | 29,154,497 | [2] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 6.80% | [2] | ||||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Base Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | 1,630,955 | [2] | (2,251,017) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.55% | [2] | (0.53%) | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Copper @ Comex Settling 3/1/2011 (Number Of Contracts: 265) [Member]
|
||||||||||||||
Investment Owned, Value | (4,448,411) | [2] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (1.04%) | [2] | ||||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Base Metals Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, Value | 4,181,645 | [2] | (7,195,082) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 1.41% | [2] | (1.68%) | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Copper @ LME Settling 3/16/2011 (Number Of Contracts: 204) [Member]
|
||||||||||||||
Investment Owned, Value | (5,109,138) | [2] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (1.19%) | [2] | ||||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | (56,702) | [2] | (152,716) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.02%) | [2] | (0.04%) | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, Value | 442,669 | [2] | 165,269 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.15% | [2] | 0.04% | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Energy Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | (95,263) | [2] | (351,689) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | [2] | (0.08%) | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Energy Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, Value | 22,315 | [2] | 67,860 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | [2] | 0.02% | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | (1,508,797) | [2] | (44,519) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.51%) | [2] | (0.01%) | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, Value | 896 | [2] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, Value | (134,897) | [2] | (424,601) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.05%) | [2] | (0.10%) | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, Value | (22,100) | [2] | (149,997) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | [2] | (0.04%) | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Precious Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | 293,052 | [2] | (3,226,990) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.10% | [2] | (0.75%) | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Precious Metals Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | (451,002) | [2] | (807,600) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.15%) | [2] | (0.19%) | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, Value | 471,246 | [2] | (54,735) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.16% | [2] | (0.01%) | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, Value | (30,196) | [2] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | [2] | ||||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, Value | 3,585 | [2] | 93,081 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.02% | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, Value | (22,258) | [2] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | [2] | 0.00% | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, Value | (396,702) | [2] | 76,258 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.13%) | [2] | 0.02% | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, Value | 110,866 | [2] | 2,893 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.04% | [2] | 0.00% | [2] | ||||||||||
Balanced Series [Member] | Short Futures Contracts [Member] | Total Short Futures Contracts [Member]
|
||||||||||||||
Investment Owned, Value | 4,439,312 | [2] | (23,811,134) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 1.50% | [2] | (5.56%) | [2] | ||||||||||
Balanced Series [Member] | Options Written [Member]
|
||||||||||||||
Investment Owned, Value | (3,326,453) | [2] | (4,788,295) | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (1.12%) | [2] | (1.12%) | [2] | ||||||||||
Balanced Series [Member] | Currency Forwards [Member]
|
||||||||||||||
Investment Owned, Value | (283,733) | [2] | 1,286,793 | [2] | ||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.27%) | [2] | 0.30% | [2] | ||||||||||
Balanced Series [Member] | Swaps [Member]
|
||||||||||||||
Investment Owned, Value | 230,783 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.08% | [3] | ||||||||||||
Balanced Series [Member] | Swaps [Member] | Option Basket Balance Series (Termination Date 11/6/12) [Member]
|
||||||||||||||
Investment Owned, Value | 49,811,462 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 11.63% | [3] | ||||||||||||
Balanced Series [Member] | Swaps [Member] | Option Basket Currency Series (Termination Date 1/26/13) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3] | ||||||||||||
Balanced Series [Member] | Swaps [Member] | Reuters/Jeffries CRB Index (Termination Date 2/28/11) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3] | ||||||||||||
Balanced Series [Member] | Swaps [Member] | Jeffries Commodity Performance Index (Termination Date 2/28/11) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3] | ||||||||||||
Balanced Series [Member] | Swaps [Member] | Total Swaps [Member]
|
||||||||||||||
Investment Owned, Value | 49,811,462 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 11.63% | [3] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Total Open Trade Equity (Deficit) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Total Return Option Basket Swap (Termination Date 11/6/12) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Total Return Option Basket Swap (Termination Date 6/30/16) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Total Swaps [Member]
|
||||||||||||||
Investment Owned, Value | 34,397 | [3],[4] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.09% | [3],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Investment in Berkeley Quantitative Colorado Fund, LLC (Cost Of $8,487,603) [Member]
|
||||||||||||||
Investment Owned, Value | 6,270,844 | [4] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 15.83% | [4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Investment in Berkeley Quantitative Colorado Fund, LLC (Cost Of $10,000,000) [Member]
|
||||||||||||||
Investment Owned, Value | 10,157,099 | [4] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 14.46% | [4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | U.S. Treasury Note 3.875% Due 02/15/2013 (Cost $38,125,391) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 5.29% | [1],[4] | 4.92% | [1],[4] | ||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 2,094,416 | [1],[4] | 3,458,708 | [1],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | U.S. Treasury Note 4.000% Due 02/15/2015 (Cost $38,016,039) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 5.69% | [1],[4] | 5.08% | [1],[4] | ||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 2,252,982 | [1],[4] | 3,566,121 | [1],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Total U.S. Treasury Note Fair Value [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 10.98% | [4] | 10.00% | [4] | ||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 4,347,398 | [4] | 7,024,829 | [4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | U.S. Treasury Note 3.875% Due 02/15/2013 [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 2,014,729 | [1],[4] | 3,237,497 | [1],[4] | ||||||||||
Investment Owned, at Cost | 2,104,447 | [1],[4] | 3,381,666 | [1],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | U.S. Treasury Note 4.000% Due 02/15/2015 [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 2,025,768 | [1],[4] | 3,255,236 | [1],[4] | ||||||||||
Investment Owned, at Cost | 2,098,411 | [1],[4] | 3,371,967 | [1],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Total U.S. Treasury Note Face Value [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 4,040,497 | [4] | 6,492,733 | [4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Total U.S. Treasury Note Cost [Member]
|
||||||||||||||
Investment Owned, at Cost | 4,202,858 | [4] | 6,753,633 | [4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Base Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Base Metals Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Copper @ LME Settling 3/16/2011 (Number Of Contracts: 215) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Precious Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Long Futures Contracts [Member] | Total Long Futures Contracts [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Options Purchased [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Options Purchased [Member] | Copper @ LME Settling 3/1/2011, Call @ 8,400 (Number Of Contracts: 131) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Options Purchased [Member] | Total Options Purchased [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Base Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Copper @ Comex Settling 3/1/2011 (Number Of Contracts: 265) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Base Metals Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Copper @ LME Settling 3/16/2011 (Number Of Contracts: 204) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Energy Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Energy Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Precious Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Precious Metals Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Short Futures Contracts [Member] | Total Short Futures Contracts [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Options Written [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Currency Forwards [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[4] | 0.00% | [2],[4] | ||||||||||
Berkeley/Graham/Tiverton Series [Member] | Swaps [Member]
|
||||||||||||||
Investment Owned, Value | 34,397 | [3],[4] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.09% | [3],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Swaps [Member] | Option Basket Balance Series (Termination Date 11/6/12) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Swaps [Member] | Option Basket Currency Series (Termination Date 1/26/13) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Swaps [Member] | Reuters/Jeffries CRB Index (Termination Date 2/28/11) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Swaps [Member] | Jeffries Commodity Performance Index (Termination Date 2/28/11) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3],[4] | ||||||||||||
Berkeley/Graham/Tiverton Series [Member] | Swaps [Member] | Total Swaps [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3],[4] | ||||||||||||
Currency Series [Member] | Total Open Trade Equity (Deficit) [Member]
|
||||||||||||||
Investment Owned, Value | 27,098 | [2] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.38% | [2] | ||||||||||
Currency Series [Member] | Total Return Option Basket Swap (Termination Date 11/6/12) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3] | ||||||||||||
Currency Series [Member] | Total Return Option Basket Swap (Termination Date 6/30/16) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3] | ||||||||||||
Currency Series [Member] | Total Swaps [Member]
|
||||||||||||||
Investment Owned, Value | 2,583 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.06% | [3] | ||||||||||||
Currency Series [Member] | Investment in Berkeley Quantitative Colorado Fund, LLC (Cost Of $8,487,603) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||||||||||||
Currency Series [Member] | Investment in Berkeley Quantitative Colorado Fund, LLC (Cost Of $10,000,000) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||||||||||||
Currency Series [Member] | U.S. Treasury Note 3.875% Due 02/15/2013 (Cost $38,125,391) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 3.64% | [1] | 13.86% | [1] | ||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 157,304 | [1] | 989,472 | [1] | ||||||||||
Currency Series [Member] | U.S. Treasury Note 4.000% Due 02/15/2015 (Cost $38,016,039) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 3.92% | [1] | 14.29% | [1] | ||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 169,213 | [1] | 1,020,201 | [1] | ||||||||||
Currency Series [Member] | Total U.S. Treasury Note Fair Value [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 7.56% | 28.15% | ||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 326,517 | 2,009,673 | ||||||||||||
Currency Series [Member] | U.S. Treasury Note 3.875% Due 02/15/2013 [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 151,319 | [1] | 926,188 | [1] | ||||||||||
Investment Owned, at Cost | 158,057 | [1] | 967,432 | [1] | ||||||||||
Currency Series [Member] | U.S. Treasury Note 4.000% Due 02/15/2015 [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 152,148 | [1] | 931,263 | [1] | ||||||||||
Investment Owned, at Cost | 157,604 | [1] | 964,657 | [1] | ||||||||||
Currency Series [Member] | Total U.S. Treasury Note Face Value [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 303,467 | 1,857,451 | ||||||||||||
Currency Series [Member] | Total U.S. Treasury Note Cost [Member]
|
||||||||||||||
Investment Owned, at Cost | 315,661 | 1,932,089 | ||||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Base Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Base Metals Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Copper @ LME Settling 3/16/2011 (Number Of Contracts: 215) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Precious Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Long Futures Contracts [Member] | Total Long Futures Contracts [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Options Purchased [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Options Purchased [Member] | Copper @ LME Settling 3/1/2011, Call @ 8,400 (Number Of Contracts: 131) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Currency Series [Member] | Options Purchased [Member] | Total Options Purchased [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Base Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Copper @ Comex Settling 3/1/2011 (Number Of Contracts: 265) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Base Metals Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Copper @ LME Settling 3/16/2011 (Number Of Contracts: 204) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Energy Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Energy Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Precious Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Precious Metals Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Short Futures Contracts [Member] | Total Short Futures Contracts [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.00% | [2] | ||||||||||
Currency Series [Member] | Options Written [Member]
|
||||||||||||||
Investment Owned, Value | (1,292) | [2] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | (0.02%) | [2] | ||||||||||
Currency Series [Member] | Currency Forwards [Member]
|
||||||||||||||
Investment Owned, Value | 28,390 | [2] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | 0.40% | [2] | ||||||||||
Currency Series [Member] | Swaps [Member]
|
||||||||||||||
Investment Owned, Value | 2,583 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.06% | [3] | ||||||||||||
Currency Series [Member] | Swaps [Member] | Option Basket Balance Series (Termination Date 11/6/12) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3] | ||||||||||||
Currency Series [Member] | Swaps [Member] | Option Basket Currency Series (Termination Date 1/26/13) [Member]
|
||||||||||||||
Investment Owned, Value | 5,668,768 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 79.40% | [3] | ||||||||||||
Currency Series [Member] | Swaps [Member] | Reuters/Jeffries CRB Index (Termination Date 2/28/11) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3] | ||||||||||||
Currency Series [Member] | Swaps [Member] | Jeffries Commodity Performance Index (Termination Date 2/28/11) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3] | ||||||||||||
Currency Series [Member] | Swaps [Member] | Total Swaps [Member]
|
||||||||||||||
Investment Owned, Value | 5,668,768 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 79.40% | [3] | ||||||||||||
Long Only Commodity Series [Member] | Total Open Trade Equity (Deficit) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Total Return Option Basket Swap (Termination Date 11/6/12) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3],[5] | ||||||||||||
Long Only Commodity Series [Member] | Total Return Option Basket Swap (Termination Date 6/30/16) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3],[5] | ||||||||||||
Long Only Commodity Series [Member] | Total Swaps [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3],[5] | ||||||||||||
Long Only Commodity Series [Member] | Investment in Berkeley Quantitative Colorado Fund, LLC (Cost Of $8,487,603) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [5] | ||||||||||||
Long Only Commodity Series [Member] | Investment in Berkeley Quantitative Colorado Fund, LLC (Cost Of $10,000,000) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||||||||||||
Long Only Commodity Series [Member] | U.S. Treasury Note 3.875% Due 02/15/2013 (Cost $38,125,391) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [1],[5] | 5.70% | [1] | ||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 239,058 | [1] | ||||||||||||
Long Only Commodity Series [Member] | U.S. Treasury Note 4.000% Due 02/15/2015 (Cost $38,016,039) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [1],[5] | 5.88% | [1] | ||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 246,483 | [1] | ||||||||||||
Long Only Commodity Series [Member] | Total U.S. Treasury Note Fair Value [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [5] | 11.58% | |||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 485,541 | |||||||||||||
Long Only Commodity Series [Member] | U.S. Treasury Note 3.875% Due 02/15/2013 [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 223,769 | [1] | ||||||||||||
Investment Owned, at Cost | 233,733 | [1] | ||||||||||||
Long Only Commodity Series [Member] | U.S. Treasury Note 4.000% Due 02/15/2015 [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 224,995 | [1] | ||||||||||||
Investment Owned, at Cost | 233,063 | [1] | ||||||||||||
Long Only Commodity Series [Member] | Total U.S. Treasury Note Face Value [Member]
|
||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | 448,764 | |||||||||||||
Long Only Commodity Series [Member] | Total U.S. Treasury Note Cost [Member]
|
||||||||||||||
Investment Owned, at Cost | 466,796 | |||||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Base Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Base Metals Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Copper @ LME Settling 3/16/2011 (Number Of Contracts: 215) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Precious Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Long Futures Contracts [Member] | Total Long Futures Contracts [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Options Purchased [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Options Purchased [Member] | Copper @ LME Settling 3/1/2011, Call @ 8,400 (Number Of Contracts: 131) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Long Only Commodity Series [Member] | Options Purchased [Member] | Total Options Purchased [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Base Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Copper @ Comex Settling 3/1/2011 (Number Of Contracts: 265) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Base Metals Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Copper @ LME Settling 3/16/2011 (Number Of Contracts: 204) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Energy Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Energy Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Precious Metals Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Precious Metals Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2] | ||||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | ||||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (U.S.) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (Canada) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (Europe) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts (Far East) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Short Futures Contracts [Member] | Total Short Futures Contracts [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Options Written [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Currency Forwards [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [2],[5] | 0.00% | [2] | ||||||||||
Long Only Commodity Series [Member] | Swaps [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3],[5] | ||||||||||||
Long Only Commodity Series [Member] | Swaps [Member] | Option Basket Balance Series (Termination Date 11/6/12) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3] | ||||||||||||
Long Only Commodity Series [Member] | Swaps [Member] | Option Basket Currency Series (Termination Date 1/26/13) [Member]
|
||||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [3] | ||||||||||||
Long Only Commodity Series [Member] | Swaps [Member] | Reuters/Jeffries CRB Index (Termination Date 2/28/11) [Member]
|
||||||||||||||
Investment Owned, Value | 415,648 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 9.91% | [3] | ||||||||||||
Long Only Commodity Series [Member] | Swaps [Member] | Jeffries Commodity Performance Index (Termination Date 2/28/11) [Member]
|
||||||||||||||
Investment Owned, Value | 375,148 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 8.95% | [3] | ||||||||||||
Long Only Commodity Series [Member] | Swaps [Member] | Total Swaps [Member]
|
||||||||||||||
Investment Owned, Value | $ 790,796 | [3] | ||||||||||||
Investment Owned, % of Total Capital (Net Asset Value) | 18.86% | [3] | ||||||||||||
|