# EDGAR Filing Document

**Accession Number:** 0001014913
**File Stem:** 0001145549-23-008077
**Filing Date:** 2023-2
**Character Count:** 34368
**Document Hash:** 313b142cdaeaabaa9f8516d0fe19b47d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-008077.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001145549-23-008077

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRONTIER FUNDS, INC.
- **CENTRAL INDEX KEY:** 0001014913
- **IRS NUMBER:** 364104131
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07685
- **FILM NUMBER:** 23652215

**BUSINESS ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 EAST MICHIGAN STREET, THIRD FLOOR
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 1-888-825-2100

**MAIL ADDRESS:**
- **STREET 1:** 400 SKOKIE BLVD
- **STREET 2:** SUITE 500
- **CITY:** NORTHBROOK
- **STATE:** IL
- **ZIP:** 60062

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRONTEGRA FUNDS INC
- **DATE OF NAME CHANGE:** 19960520

## Series and Classes Contracts Data

### Frontier MFG Core Infrastructure Fund (Series ID: S000035417)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000108790 | Institutional Class | FMGIX           |
| C000167328 | Service Class       | FCIVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Frontier Funds, Inc.

- **b. Investment Company Act file number:** 811-07685

- **c. CIK number of Registrant:** 0001014913

- **d. LEI of Registrant:** 549300TMAADQMXZCXG08

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 400 Skokie Blvd

  - **City:** Northbrook

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60062-2815

  - **Telephone number:** 847-509-9860

**Item A.2. Information about the Series.**

- **a. Name of Series:** Frontier MFG Core Infrastructure Fund

- **b. EDGAR series identifier (if any):** S000035417

- **c. LEI of Series:** 54930024JUVLTGGBLV83

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $524029838.11

**Total Liabilities:** $2286366.81

**Net Assets:** $521743471.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000108790 | 4.65%                | 8.38%                | -2.51%               |
| Class ID C000167328 | 4.64%                | 8.38%                | -2.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2866220.01             | $27479347.12                               |
| Month 2  | $-1398780.27             | $44962979.01                               |
| Month 3  | $5685285.46              | $-21445461.83                              |

### Schedule of Portfolio Investments

| Name                                   | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Northwest Natural Holding Co           | Northwest Natural Holding Co                       | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |      7085 | NS      | $337175.15    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWestern Corp                      | NorthWestern Corp                                  | CUSIP: 668074305<br>LEI: 3BPWMBHR1R9SHUN7J795 | Long             | EC               | CORP              | US        |     17993 | NS      | $1067704.62   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                        | OGE Energy Corp                                    | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     49135 | NS      | $1943289.25   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                            | ONE Gas Inc                                        | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     13966 | NS      | $1057505.52   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PNM Resources Inc                      | PNM Resources Inc                                  | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     26330 | NS      | $1284640.70   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                               | PPL Corp                                           | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    179844 | NS      | $5255041.68   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fraport AG Frankfurt Airport S         | Fraport AG Frankfurt Airport Services Worldwide    | CUSIP: N/A<br>LEI: 5299001ERX0K10IZUL40       | Long             | EC               | CORP              | DE        |     67539 | NS      | $2735156.71   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp             | Pinnacle West Capital Corp                         | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     28764 | NS      | $2187214.56   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLETE Inc                             | ALLETE Inc                                         | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |     17508 | NS      | $1129441.08   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp                    | Alliant Energy Corp                                | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     61175 | NS      | $3377471.75   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                            | Ameren Corp                                        | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     63106 | NS      | $5611385.52   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc         | American Electric Power Co Inc                     | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    108911 | NS      | $10341099.45  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co               | American States Water Co                           | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     10206 | NS      | $944565.30    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                    | American Tower Corp                                | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     47456 | NS      | $10054028.16  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc            | American Water Works Co Inc                        | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     44410 | NS      | $6768972.20   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                      | Atmos Energy Corp                                  | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     34415 | NS      | $3856889.05   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Avangrid Inc                           | Avangrid Inc                                       | CUSIP: 05351W103<br>LEI: 549300OX0Q38NLSKPB49 | Long             | EC               | CORP              | US        |     94433 | NS      | $4058730.34   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                            | Avista Corp                                        | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     12011 | NS      | $532567.74    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                       | Black Hills Corp                                   | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     16787 | NS      | $1180797.58   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                        | CMS Energy Corp                                    | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     70892 | NS      | $4489590.36   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group         | California Water Service Group                     | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     14142 | NS      | $857570.88    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                 | CenterPoint Energy Inc                             | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    153739 | NS      | $4610632.61   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp              | Chesapeake Utilities Corp                          | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      5976 | NS      | $706243.68    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                | Consolidated Edison Inc                            | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     86673 | NS      | $8260803.63   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Utilities Ltd                 | Canadian Utilities Ltd                             | CUSIP: 136717832<br>LEI: LWV4QIQODEH3VBHUFX07 | Long             | EC               | CORP              | CA        |    143779 | NS      | $3891802.33   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                       | Crown Castle Inc                                   | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     73394 | NS      | $9955162.16   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Aguas Andinas SA                       | Aguas Andinas SA                                   | CUSIP: N/A<br>LEI: 894500KC50BSHRL3SK15       | Long             | EC               | CORP              | CL        |   5139087 | NS      | $1183698.46   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| DTE Energy Co                          | DTE Energy Co                                      | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     47321 | NS      | $5561637.13   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Inc/Canada                      | Fortis Inc/Canada                                  | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |    349106 | NS      | $13969396.66  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PINFRA                                 | Promotora y Operadora de Infraestructura SAB de CV | CUSIP: P7925L103<br>LEI: 52990035X6RK8DBUWA73 | Long             | EC               | CORP              | MX        |    277644 | NS      | $2259023.23   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                           | Enbridge Inc                                       | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    385678 | NS      | $15073914.15  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                    | Dominion Energy Inc                                | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    172462 | NS      | $10575369.84  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Surest         | Grupo Aeroportuario del Sureste SAB de CV          | CUSIP: P4950Y100<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |    201382 | NS      | $4691937.59   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                       | Duke Energy Corp                                   | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    106170 | NS      | $10934448.30  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera Inc                              | Emera Inc                                          | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |    195010 | NS      | $7453299.48   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                           | Entergy Corp                                       | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     49701 | NS      | $5591362.50   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                | Essential Utilities Inc                            | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |     64753 | NS      | $3090660.69   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                             | Evergy Inc                                         | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     56048 | NS      | $3527100.64   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                      | Eversource Energy                                  | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     85073 | NS      | $7132520.32   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                            | Exelon Corp                                        | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    242166 | NS      | $10468836.18  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                       | FirstEnergy Corp                                   | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    139650 | NS      | $5856921.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                            | IDACORP Inc                                        | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     13307 | NS      | $1435159.95   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy Inc                         | MGE Energy Inc                                     | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9068 | NS      | $638387.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ACEA SpA                               | ACEA SpA                                           | CUSIP: N/A<br>LEI: 549300Q3448N041CTH56       | Long             | EC               | CORP              | IT        |    155553 | NS      | $2149798.11   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Vopak NV                   | Koninklijke Vopak NV                               | CUSIP: N/A<br>LEI: 724500UL634GFV1KYF10       | Long             | EC               | CORP              | NL        |     91843 | NS      | $2731988.45   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Middlesex Water Co                     | Middlesex Water Co                                 | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6850 | NS      | $538889.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Transurban Group                       | Transurban Group                                   | CUSIP: N/A<br>LEI: 549300ZR71SUQ4VUTM79       | Long             | EC               | CORP              | AU        |   1661084 | NS      | $14614002.72  | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| APA Group                              | APA Group                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    857331 | NS      | $6266589.66   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Assets Holdings Ltd              | Power Assets Holdings Ltd                          | CUSIP: N/A<br>LEI: 254900JOWYUW1ZX4DF47       | Long             | EC               | CORP              | HK        |   1548159 | NS      | $8461417.20   | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| NiSource Inc                           | NiSource Inc                                       | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     99921 | NS      | $2739833.82   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Snam SpA                               | Snam SpA                                           | CUSIP: N/A<br>LEI: 8156002278562044AF79       | Long             | EC               | CORP              | IT        |   2442864 | NS      | $11845012.64  | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Portland General Electric Co           | Portland General Electric Co                       | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     19011 | NS      | $931539.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Enagas SA                              | Enagas SA                                          | CUSIP: N/A<br>LEI: 213800OU3FQKGM4M2U23       | Long             | EC               | CORP              | ES        |    190428 | NS      | $3166523.15   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Service Enterprise Grou         | Public Service Enterprise Group Inc                | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |    121867 | NS      | $7466791.09   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                | SBA Communications Corp                            | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     26370 | NS      | $7391774.70   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SJW Group                              | SJW Group                                          | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7821 | NS      | $634986.99    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                          | Sempra Energy                                      | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     63901 | NS      | $9875260.54   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| South Jersey Industries Inc            | South Jersey Industries Inc                        | CUSIP: 838518108<br>LEI: 549300DJYWYT5VXLFA46 | Long             | EC               | CORP              | US        |     37868 | NS      | $1345450.04   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                        | Southern Co/The                                    | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    146364 | NS      | $10451853.24  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                              | Spire Inc                                          | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     13542 | NS      | $932502.12    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account             | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  14540228 | NS      | $14540228.08  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                   | WEC Energy Group Inc                               | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     77044 | NS      | $7223645.44   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                        | Xcel Energy Inc                                    | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    133663 | NS      | $9371112.93   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Terna - Rete Elettrica Naziona         | Terna - Rete Elettrica Nazionale                   | CUSIP: N/A<br>LEI: 8156009E94ED54DE7C31       | Long             | EC               | CORP              | IT        |   1460978 | NS      | $10789575.65  | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrovial SA                           | Ferrovial SA                                       | CUSIP: N/A<br>LEI: 95980020140005757903       | Long             | EC               | CORP              | ES        |    544905 | NS      | $14267048.85  | 2.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Elia Group SA/NV                       | Elia Group SA/NV                                   | CUSIP: N/A<br>LEI: 549300S1MP1NFDIKT460       | Long             | EC               | CORP              | BE        |     53367 | NS      | $7586775.52   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Vector Ltd                             | Vector Ltd                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NZ        |    808841 | NS      | $2115645.20   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Pacifi         | Grupo Aeroportuario del Pacifico SAB de CV         | CUSIP: P4959P100<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |    306110 | NS      | $4389045.44   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeroports de Paris                     | Aeroports de Paris                                 | CUSIP: N/A<br>LEI: 969500PJMBSFHYC37989       | Long             | EC               | CORP              | FR        |     71929 | NS      | $9636413.26   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| International Public Partnersh         | International Public Partnerships Ltd              | CUSIP: N/A<br>LEI: 2138002AJT55TI5M4W30       | Long             | EC               | RF                | GG        |   1396055 | NS      | $2555280.57   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Severn Trent PLC                       | Severn Trent PLC                                   | CUSIP: N/A<br>LEI: 213800RPBXRETY4A4C59       | Long             | EC               | CORP              | GB        |    182843 | NS      | $5841523.50   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Centro         | Grupo Aeroportuario del Centro Norte SAB de CV     | CUSIP: P49530101<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |    248590 | NS      | $1911259.27   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                               | Vinci SA                                           | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |    158032 | NS      | $15753679.90  | 3.02%             |  |  |  | No            |                  2 | On Loan: No      |
| REN - Redes Energeticas Nacion         | REN - Redes Energeticas Nacionais SGPS SA          | CUSIP: N/A<br>LEI: 549300FR1FN48IGHR915       | Long             | EC               | CORP              | PT        |    512163 | NS      | $1381869.71   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Getlink SE                             | Getlink SE                                         | CUSIP: N/A<br>LEI: 9695007ZEQ7M0OE74G82       | Long             | EC               | CORP              | FR        |    399768 | NS      | $6401525.44   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| United Utilities Group PLC             | United Utilities Group PLC                         | CUSIP: N/A<br>LEI: 2138002IEYQAOC88ZJ59       | Long             | EC               | CORP              | GB        |    495661 | NS      | $5922353.17   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Co         | Algonquin Power & Utilities Corp                   | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |    496797 | NS      | $3236151.80   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Enav SpA                               | Enav SpA                                           | CUSIP: N/A<br>LEI: 81560048ECF8D2059980       | Long             | EC               | CORP              | IT        |    456572 | NS      | $1936735.43   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                            | Italgas SpA                                        | CUSIP: N/A<br>LEI: 815600F25FF44EF1FA76       | Long             | EC               | CORP              | IT        |    588922 | NS      | $3269922.60   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Red Electrica Corp SA                  | Red Electrica Corp SA                              | CUSIP: N/A<br>LEI: 5493009HMD0C90GUV498       | Long             | EC               | CORP              | ES        |    393288 | NS      | $6838535.22   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                      | National Grid PLC                                  | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |   1308344 | NS      | $15673197.46  | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hicl Infrastructure PLC                | Hicl Infrastructure PLC                            | CUSIP: N/A<br>LEI: 213800BVXR1E5L7PEV94       | Long             | EC               | RF                | GB        |   1483788 | NS      | $2930479.51   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| TC Energy Corp                         | TC Energy Corp                                     | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    338022 | NS      | $13475943.55  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Auckland International Airport         | Auckland International Airport Ltd                 | CUSIP: N/A<br>LEI: 549300HFZIZDJWB7AK60       | Long             | EC               | CORP              | NZ        |   1070176 | NS      | $5307638.79   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Pennon Group PLC                       | Pennon Group PLC                                   | CUSIP: N/A<br>LEI: 213800V1CCTS41GWH423       | Long             | EC               | CORP              | GB        |    190844 | NS      | $2051885.63   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                            | Aena SME SA                                        | CUSIP: E526K0106<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |    109029 | NS      | $13667654.81  | 2.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                     | Cellnex Telecom SA                                 | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |    467746 | NS      | $15515663.41  | 2.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Flughafen Zurich AG                    | Flughafen Zurich AG                                | CUSIP: N/A<br>LEI: 529900PFO97GCN5SYB55       | Long             | EC               | CORP              | CH        |     22316 | NS      | $3453185.37   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Hydro One Ltd                          | Hydro One Ltd                                      | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |    435174 | NS      | $11657135.14  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Arteria Ltd                      | Atlas Arteria Ltd                                  | CUSIP: N/A<br>LEI: 254900SGF4ZQDBH2YC59       | Long             | EC               | CORP              | AU        |   1079968 | NS      | $4863612.63   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-17

**Name of Applicant:** Frontier Funds, Inc.

**Signature:** /s/ Elyce D. Dilworth

**Name of Signer:** Frontier Funds, Inc.

**Title:** Treasurer and Assistant Secretary