Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors. Fixed income securities are subject to various risks, including changes in interest rates, credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors. An actively managed fund is subject to the risk that its investment adviser and/or sub-adviser will select investments or allocate assets in a manner that could cause the fund to underperform or otherwise not meet its investment objective. When the Fund invests in other investment companies, including ETFs, it will bear additional expenses based on its pro rata share of the other investment company's or ETF's operating expenses, including the management fees of the Underlying Fund in addition to those paid by the Fund. The risk of owning an Underlying Fund generally reflects the risks of owning the underlying investments the Underlying Fund holds. The Fund also will incur brokerage costs when it purchases and sells ETFs.

Shares of ETFs are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Carefully consider the funds' investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the funds' full or summary prospectus, which may be obtained by calling 866-326-3837 or by visiting funds.frontierasset.com. Please read the prospectus carefully before investing.

Frontier Asset Management, LLC serves as an investment advisor to Frontier Funds.

Funds are distributed by SEI Investments Distribution Co. (SIDCO, 1 Freedom Valley Drive, Oaks, PA, 19456), which is not affiliated with Frontier Asset Management. Funds are not available directly through Frontier Asset Management.

Check the background of SIDCO on FINRA’s BrokerCheck.