Fund Prices & YTD Returns as of 4/12/2024Performance Through 4/12/2024Average Annual Returns Through 3/31/2024
Navigator Tactical U.S. Allocation Fund Class I
NAVNAV Daily Change% Daily Change(1)% YTD Return(2)One MonthThree MonthsSix MonthsSince Inception(4)One YearThree YearsFive YearsSince Inception(4)
10.51-0.16-1.50%7.34%-1.08%7.13%18.17%6.82%26.13%N/AN/A7.88%

(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 Tactical U.S. Allocation Fund Class A & I is June 11, 2021.

The Navigator Tactical U.S. Allocation Fund total annual operating expense ratio (gross) is 1.53% for class A shares, and 1.28% for the class I shares.

The 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.