Navigator® Tactical Investment Grade Bond Fund
Fixed Income markets offer a variety of opportunities, but they also present a number of unique challenges and risks. Clark Capital believes investors may benefit from a disciplined, quantitatively managed tactical asset allocation approach that actively pursues “risk-on” opportunities while guarding against undue risks.
Investment Objective: The Fund seeks total return with a secondary goal of current income.
Deliver Total Return
The strategy utilizes a relative strength, momentum based approach to identify the leading fixed income sector(s).
Reduce Portfolio Risk
The strategy seeks to minimize downside risk through its ability to shift out of investment grade corporate fixed income when needed and invest in higher quality debt and/or cash.
Take a Tactical Approach
The strategy utilizes a tactical asset allocation policy that seeks to rotate among Investment Grade Corporate Fixed Income, U.S. Treasuries, and cash equivalents.
Tactical Investment Grade Bond Fund
General Information
Ticker/Cusip
| Share Class | Ticker | Cusip |
|---|---|---|
| I Share | NTIIX | 66538J399 |
Fund Information
ADVISOR: Clark Capital Management Group, Inc.
INCEPTION DATE: 8/31/2021
TOTAL ANNUAL FUND OPERATING EXPENSES:
| I Shares |
|---|
| 1.17% |
WHAT YOU PAY NOW:
| I Shares |
|---|
| 1.09% |
*Net expense ratio after fee waiver/expense reimbursement contractual through February 28, 2026.
MINIMUM INVESTMENT AMOUNT:
| I Shares |
|---|
| $25,000 |
ANNUAL TRAIL COMMISSION:
(12b-1)
| I Shares |
|---|
| None |
TRANSFER AGENT:
Ultimus Fund Solutions LLC.
DISTRIBUTOR:
Northern Lights Distributors LLC.
CUSTODIAN:
BNY Mellon
NSCC PARTICIPANT NUMBER:
5394 (Levels 0-4)
Registered in all 50 states and DC & PR.
Management
Founded in 1986, Clark Capital Management Group, Inc. is an independent employee owned investment advisory firm based in Philadelphia, PA. Clark Capital is focused on both long only and innovative risk management strategies, with a goal of successful capital preservation.
Performance
PERFORMANCE
| Navigator Tactical Investment Grade Bond Fund Class I (NTIIX) | |||||||||||
| Fund Prices & YTD Returns as of 10/13/2025 | Performance Through 10/13/2025 | Average Annual Returns Through 6/30/2025 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV | NAV Daily Change | % Daily Change(1) | % YTD Return(2) | One Month | Three Months | Six Months | Since Inception (4) | One Year | Three Years | Five Years | Since Inception (4) |
| $8.94 | 0.01% | 0.11% | 2.11% | 0.09% | 3.89% | 4.69% | 0.4% | 0.38% | 3.42% | - | -0.29% |
(1)The maximum sales charge for Class A Shares is 3.75%. Class A Share investors may be eligible for a reduction in sales charges.
(2)Represents the percentage increase/decrease in the net asset value from the prior trading day.
(3)Performance for periods less than one year is not annualized.
(4)Inception date of the Navigator Investment Grade Bond Fund Class A & I is August 31, 2021.
The Navigator Investment Grade Bond Fund total annual operating expense ratio (gross) is 1.42% for class A shares, and 1.17% for the class I shares.
The Fund’s adviser has contractually agreed to waive management fees and/or to make payments to limit Fund expenses, at least until February 28, 2024, so that the total annual operating expenses (exclusive of any front-end or contingent deferred loads; brokerage fees and commissions, acquired fund fees and expenses; fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); borrowing costs (such as interest and dividend expense on securities sold short); taxes; and extraordinary expenses, such as litigation expenses (which may include indemnification of Fund officers and Trustees, contractual indemnification of Fund service providers (other than the adviser)) of the Fund do not exceed will not exceed 1.26% and 1.01% of average daily net assets attributable to Class A and Class I shares, respectively. Fee waivers and expense reimbursements are subject to possible recoupment from the Fund in future years on a rolling three-year basis (within the three years from the date in which the fees were waived or reimbursed) if such recoupment can be achieved within the foregoing expense limit and any expense limitation in place at the time of recoupment. This agreement may be terminated only by the Board of Trustees on 60 days written notice to the adviser.
TODAY'S NET ASSET VALUE
| As of 10/14/2025 | NAV |
|---|---|
| Fund Class I (NTIIX) | $8.94 |
HISTORICAL NET ASSET VALUE
To view the daily net asset value (NAV), please select a date range and press the Submit button.
Disclaimer
Given the significant differences between separately managed accounts and mutual funds, investors should consider the differences in expenses, tax implications, and the overall objectives between separately managed accounts and mutual funds before investing. Past performance of the strategy/separately managed account is not indicative of future performance of the fund.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Navigator Tactical Investment Grade Bond Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 800.766.2264. The prospectus should be read carefully before investing. The Navigator Tactical Investment Grade Bond Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC.
Clark Capital Management Group, Inc. and Northern Lights Distributors, LLC are not affiliated.
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® Tactical Investment Grade 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® Tactical Investment Grade 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.
The Bloomberg U.S. Aggregate Bond Index covers the U.S. investment-grade fixed-rate bond market, including government and credit securities, agency mortgage pass-through securities, asset-backed securities and commercial mortgage-based securities. To qualify for inclusion, a bond or security must have at least one year to final maturity, and be rated investment grade Baa3 or better, dollar denominated, non-convertible, fixed rate and publicly issued.
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 uses exchange traded product based upon the CBOE S&P 500 Volatility Index (VIX) to hedge the portfolio which can limit the opportunity to participate in the gains of portfolio holdings in positive markets. The Fund(s) also 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 Tactical Fixed Income Fund include: equity securities risk, growth stock risk, value stock risk, foreign securities risk, emerging markets risk, small and mid-sized company risk and portfolio selection risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries. Small-cap and mid-cap companies may be more vulnerable than larger, more established organizations to adverse business or economic developments. The Fund invests in exchange traded funds (ETFs) and performance is subject to underlying investment weightings which will vary. ETFs are subject to expenses, which will be indirectly paid by the fund. The cost of investing in a Fund that invests in ETFs will generally be higher than the cost of investing in a Fund that invests directly in individual stocks and bonds. Clark Capital Management Group, Inc. and Northern Lights Distributors, LLC are not affiliated. Exchange traded notes (ETNs) are unsecured obligation of the issuer and are not secured debt. ETNs are riskier than ordinary unsecured debt securities and have no principal protection. ETNs include limited portfolio diversification, trade price fluctuations, uncertain principal repayment, and illiquidity. Investing in the ETNs is not equivalent to investing directly in an index or in any particular index components. The investor fee will reduce the amount of your return at maturity or on redemption, and as a result you may receive less than the principal amount of your investment at maturity or upon redemption of your ETNs even if the level of the relevant index has increased or decreased (as may be applicable to the particular series of ETNs). An investment in an ETNs may not be suitable for all investors. Investing in ETPs based upon VIX futures may be subject to greater volatility than investments in traditional securities, which may adversely affect an investor’s investment. VIX futures indexes are mean reverting; ETPs benchmarked to them should not be expected to appreciate over extended periods.
Terms of Use
The views provided on this Web site are intended to provide the investor with an introduction to Clark Capital Management Group, Inc. and its investment strategies and the Navigator mutual funds.
Nothing on this website should be construed as a solicitation or offer, or recommendation, to buy or sell any security, or as an offer to provide advisory services by Clark Capital Management Group, Inc. in any jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. Information on this website is intended only for United States citizens and residents. Nothing contained on this website constitutes investment, legal, tax or other advice, nor should be relied upon in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. Shares in the Navigator Tactical Fixed Income Fund are offered by prospectus only.
Linked Websites
Clark Capital may provide access to information, products, or services offered on websites that are owned or operated by other companies (“third-party websites”). We provide this access using hyperlinks that automatically move you from a Clark Capital website to the third-party site.
Data and other materials appearing on this site that are obtained from third parties are believed by Clark Capital to be reputable sources, but Clark Capital cannot guarantee and is not responsible for their accuracy, timeliness, completeness, or suitability for use. Clark Capital is not responsible for, and does not prepare, edit, or endorse, the content, advertising, products, or other materials on or available from any website owned or operated by a third party that is linked to this Site via hyperlink. The fact that Clark Capital has provided a link to a third party’s website does not constitute an implicit or explicit endorsement, authorization, sponsorship, or affiliation by Clark Capital with respect to such website, its owners, providers, or services. You will use any such third-party content at your own risk and you agree that Clark Capital is not liable for any loss or damage that you may suffer by using third-party websites or any content, advertising, products, or other materials in connection therewith.
When you visit a third-party website by using a link on Clark Capital’s site, you will no longer be protected by the Clark Capital privacy policy or security practices. The data collection, use, and protection practices of the linked site may differ from the practices of Clark Capital sites. You should familiarize yourself with the privacy policy and security practices of the linked website. Those are the policies and practices that will apply to your use of the linked website, not the Clark Capital policies and practices.
Privacy Policy
As a client of Clark Capital, you have entrusted your personal information and financial data to our care. Because this is your private information and data, we exercise extreme care in how we handle it. We are required by federal law to advise you how we collect, share, and protect your personal information. You have the right to limit some but not all sharing of personal information. Please read this notice carefully to understand what we do.
The Types of Personal Information We Collect
The types of personal information we collect and share depend on the product or service you have with us. This information can include, among other things:
- Your name and address
- Social Security number
- Date of birth
- Assets and income
- Account balances
We may collect your personal information, for example, when you enter into an investment advisory agreement, open an account with a custodian, or make deposits or withdrawals from your account.
Why We May Need to Share Your Personal Information
Like all financial companies, we need to share your personal information with third parties to run our everyday business and to provide you services such as processing transactions and maintaining your account. The third parties that we share your personal information with (such as financial service companies, sub-advisers, consultants and auditors) are contractually prohibited from disclosing or using your personal information for any purpose other than providing such services, and are required to maintain appropriate security measures for protecting your personal information. We may also share your personal information as required by law, such as responding to court orders and legal investigations. We do not disclose your personal information to anyone for marketing purposes.
How We Protect Your Personal Information
Within Clark Capital, we restrict access to information about you to those employees who need to know the information to service your account. To protect your personal information from unauthorized access and use, we use physical, electronic, and procedural safeguards that comply with applicable laws and industry standards and practices.
Federal law gives you the right to limit only: (1) sharing for affiliates’ everyday business purposes, (2) sharing with affiliates to use your information to market to you, and (3) sharing with non-affiliates to use your information to market to you. We do not share your information in any of these ways. State laws and individual companies may give you additional rights to limit sharing.
When you are no longer our customer, we continue to share your information only as described in this notice.
Definitions
Affiliates: Companies related by common ownership or control. They can be financial and non- financial companies. We do not share with affiliates.
Non-affiliates: Companies not related by common ownership or control. They can be financial and nonfinancial companies. We do not share with non-affiliates except as describe in this notice.
Joint Marketing: A formal agreement between non-affiliated financial companies that together market financial products or services to you. We do not engage in joint marketing.
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