(1)The maximum sales charge for Class A Shares is 5.50%. 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 Equity Hedged Fund Class A, C & I is December 28, 2010.
The Navigator Equity Hedged Fund total annual operating expense
ratio (gross) is 2.05% for class A shares, 2.80% for the class C shares and 1.80
% for the class I shares.
Fund's adviser has contractually agreed to reduce its fees and to reimburse
expenses, at least until February 28, 2024, to ensure that total annual fund
operating expenses after fee waiver and/or reimbursement (exclusive of any
taxes, interest, brokerage commissions, expenses incurred in connection with
any merger or reorganization, indirect expenses, expenses of other investment
companies in which the Fund may invest, or extraordinary expenses such as
litigation) will not exceed 1.35%, 2.10% and 1.10% of average daily net assets
attributable to Class A, Class C and Class I shares, respectively. These 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
after the fees have been waived or reimbursed) if such recoupment can be
achieved within the foregoing expense limits. This agreement may be terminated
only by the Fund's Board of Trustees, on 60 days written notice to the adviser.
Results shown reflect the waiver, without which the results would have been
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. A Fund's performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. To obtain performance information current to the most recent month-end, please call toll-free 1-877-766-2264.