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Home > Financial Services > Mutual Funds > Frontier
Frontier
A mutual fund is an investment method that pools money from shareholders and invests the funds thus collected in a variety of securities, including stocks, bonds, and money market instruments. Most open-ended mutual funds continuously offer new shares to investors and are ready to buy back the shares at their current net asset value, which depends on the total market value of the fund's investment portfolio at the time of redemption. As with all funds, this fund also seeks long-term growth of capital mainly through investments in international small-cap companies. The fund invests a minimum of seventy five percent of it’s assets in equity securities of U.S. companies. It will invest mostly in securities of companies having a market capitalization of less than 1 billion dollars. The fund may invest up to twenty five percent of its assets in securities of foreign companies and/or debt securities, which are not convertible into common stock, or other equity securities. As a general rule, you should probably avoid funds with assets of less than 50 million dollars simply because of the relatively higher expenses associated with small funds, along with the possibility that a small fund may not survive or may undergo a change in objectives in the search for greater acceptance in the marketplace. All other things being equal, funds that cost more return less to investors.
Frontier fund provide account services that include Automated Phone Access, Online Account Access, Wire and ACH Transmissions etc. Westcore International Frontier Fund invests primarily in the common stock of international companies with market capitalizations of 1.5 billion dollars or less, at the time of purchase, that appear to have above average revenue and earnings potential. The fund invests at least sixty five percent of its assets in common stocks of foreign companies in at least three different developed countries.
Frontier Fund currently participates in the initial public offering market. A significant portion of the Fund's return may be attributed to its investments in IPOs, because they have a magnified impact due to the Fund's smaller asset base. As the Fund's assets grow, it is probable that the effect of the Fund's investments in IPOs on its total returns will decline, which may reduce the Fund's total return. In addition, IPO shares, in particular, are subject to market risk and liquidity risk.
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