(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 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
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.