Investment Performance

The Frontier Financial model portfolio annual returns are shown below.  The returns are calculated from four proprietary accounts Frontier has maintained since December 2021 to track each portfolio’s return.

Portfolio / Year	25% Stocks 75% Bonds	50% Stocks 50% Bonds	75% Stocks 25% Bonds	100% Stocks
2022	-6.60%	-7.66%	-8.6%	-9.61%
2023	9.89%	12.06%	14.10%	16.31%
2024	11.25%	14.75%	18.25%	21.78%
2025	8.56%	12.49%	16.17%	20.06%
2022-2025 (annualized avg.)	5.51%	7.50%	9.40%	11.35%

Returns are calculated monthly.  Each model portfolio account is valued at month end and any day of an inflow or outflow, and intra-month and monthly returns are linked geometrically.  Distributions receivable at month end are included in the monthly return.  All returns comply with the CFA Institute’s Global Investment Performance Standards (GIPS).

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Performance Comparison 

Frontier compares its portfolio returns to about 200 portfolio funds that belong to about 40 similar portfolio programs offered through Canada, and which currently represent about $500 billion of invested assets.  The peer universe is described further here.

Because Frontier’s portfolios contain only Series F and equivalent funds, we compare their returns to the peer universe’s Series F funds.  Peer universe fund returns are supplied by Fundata Canada .

The charts to the right compare the Frontier returns to the peer universe returns, each year since the Frontier portfolios’ inception.  The 2025 chart shows year-to-date returns to the end of September.  The 2025 full-year chart should be available by mid-January.

Each chart shows each fund’s annual return on the vertical axis, against its stock (“equity”) weight at the start of the year on the horizontal axis. The dotted line shows the estimated return for a given stock weight, averaged across the various programs.

Click any chart to enlarge it, and click outside the chart or tap the Esc key to return.
 

Frontier’s model portfolio returns, the large blue-and-white circles, are well above the peer group average throughout the entire range and in each year.  Some of this is due to their sizeable cost advantage, but the Frontier portfolios' return advantage in these years generally exceeds their cost advantage alone.

2022

2024

2023

2025 YTD to Sept 30