(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
(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 1.44% for class A shares, and 1.19% for the class I
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.