Navigator® Ultra Short Bond Fund
Factsheet
Prospectus
Seeking to Increase Short-term Duration Returns
The strategy seeks to deliver current income consistent with the preservation of capital by investing in a broad range of investment grade ultra-short fixed income and money market securities with a weighted average duration of one year or less.
Take an Active Approach to Security Selection
Goal: Actively seek attractive opportunities in the current environment.
The Fund is based on the conviction that fundamental analysis provides greater value than speculating through interest rate forecasting. It seeks to exploit potentially undervalued short-term bonds and provide excess returns through sector and security selection.
Utilize a Disciplined Approach That Seeks to Reduce Uncompensated Risk
Goal: Seeks to provide current income with lower levels of risk
The Fund seeks to achieve strong risk-adjusted returns by building a curated portfolio of individual bonds. Ultra-short duration maturities may offer investors attractive yields with lower levels of risk than long-term securities.
Navigate a Changing Rate Environment with Individual Bonds
Goal: Aims to opportunistically add value
Because interest rates do not rise or fall in a linear fashion, our active approach seeks to opportunistically take advantage of credit spreads and sector valuation.
Ticker/Cusip
| Share Class | Ticker | Cusip |
|---|---|---|
| A share | NUSAX | 66538J530 |
| I share | NUSIX | 66538J522 |
Fund Information
Advisor:
Clark Capital Management Group, Inc.
Inception Date: 3/21/2019
Total Annual Fund Operating Expenses:
| A shares | I Shares |
|---|---|
| 0.91% | 0.66% |
What You Pay Now:
| A shares | I Shares |
|---|---|
| 0.66% | 0.41% |
Net expense ratio after fee waiver/expense reimbursement contractual through February 28, 2026.
The Bloomberg US Treasury Bellwethers (1 Y) Index is an unmanaged index representing U.S. Treasury bonds with 1 year maturity. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. Total return is calculated assuming reinvestment of all dividends. Total returns would have been lower had the Adviser, the Distributor, the Administrator, and Custodian not waived or reimbursed a portion of their fees.
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. For more performance numbers current to the most recent month-end please call 1-800-766-2264.
Minimum Investment Amount:
| A shares | I Shares |
|---|---|
| $5,000 | $25,000 |
Annual Trail Commission
(12b-1):
| A shares (3.75% Load) |
I Shares |
|---|---|
| 0.25% | None |
Transfer Agent: Ultimus Fund Solutions LLC.
Distributor: Northern Lights Distributors LLC.
Custodian: BNY Mellon
Registered in all 50 States and DC & PR.
NSCC Participant Number: 5394
(Levels 0-4)
Disclaimer
Final Disclosure
Important risk information. An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The Fund invests primarily in bond instruments such as municipal bonds and U.S. Treasury bonds and notes. The Fund(s) has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus. The principal risks of investing in the Navigator® Ultra Short Bond Fund include: correlation risk, derivatives risk, fixed income risk, inflation-indexed securities risk, interest rate and bond maturities risk, issuer-specific risk, leverage/volatility risk, liquidity risk, management risk, municipal market risk, non-diversification risk, non tax exempt risk, turnover risk, U.S. government securities risk. The Fund invests in exchange traded funds (ETFs), closed end funds and other mutual funds (“Underlying Funds”). Such Underlying Funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund will be higher than the cost of investing directly in the underlying funds and may be higher than other mutual funds that invest directly in stocks and bonds. Each of the Underlying Funds is subject to its own specific risks, but the sub-advisor expects the principal investments risks of such Underlying Funds will be similar to investing in the Fund.
Municipal bonds on one hand, and treasury bonds and LIBOR swaps or options or futures on treasury bonds on the other hand, may experience a lack of correlation. The Fund can be adversely affected by times where municipal interest rates rise and the Fund interest rate hedges decline in value. Even a small investment in derivatives (which include options, futures and swap contracts) may give rise to leverage risk, and can have a significant impact on the Fund’s performance. Derivatives are also subject to credit risk and liquidity risk. When the Fund invests in fixed income securities, derivatives on fixed income securities, or underlying Funds that invest in fixed income securities, the value of the Fund will fluctuate with changes in interest rates. Defaults by fixed income issuers in which the Fund invests will also harm performance. Inflation-indexed securities, including Treasury Inflation-Protected Securities, decline in value when real interest rates rise. Interest rate changes may adversely affect the market value of an investment.
The Fund may employ leverage and may invest in leveraged instruments. Borrowing magnifies the potential for losses and exposes the Fund interest expenses on borrowing. Liquidity risk exists when particular investments of the Fund would be difficult to purchase or sell, possibly preventing the Fund from selling such illiquid Navigator® Ultra Short Bond Fund securities at an advantageous time or price, or possibly requiring the Fund to dispose of other investments at unfavorable times or prices in order to satisfy its obligations. Special factors may negatively affect the value of municipal securities including political or legislative changes, uncertainties related to the tax status of the securities, or the rights of investors in the securities. The Fund is not intended to be a tax exempt fund and may not be tax advantaged. A higher portfolio turnover may result in higher transactional and brokerage costs. Other mutual funds, ETFs and closed-end funds (“Underlying Funds”) in which the Fund invests are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund will be higher than the cost of investing directly in the Underlying Funds and may be higher than other mutual funds that invest directly in stocks and bonds. The Fund may invest in obligations issued by agencies and instrumentalities of the U.S. Government. The U.S. Government may choose not to provide financial support to U.S. Government sponsored agencies or instrumentalities if it is not legally obligated to do so, in which case, if the issuer defaulted, the Fund might not be able to recover its investment.
Before investing, carefully consider the Fund’s investment objectives, risks, charges and expenses. Contact 800.766.2264 for a prospectus containing this and other information. Read it carefully.
Clark Capital Management Group, Inc. and Northern Lights Distributors, LLC are not affiliated.