NTBIX: Navigator Tactical Fixed Income Fund - MutualFunds.com

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Navigator Tactical Fixed Income I

NTBIX - Snapshot

Vitals

  • YTD Return 5.8%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 6.2%
  • Net Assets $6.17 B
  • Holdings in Top 10 44.4%

52 WEEK LOW AND HIGH

$11.02
$9.57
$11.03

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.99%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 151.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $25,000
  • IRA N/A

Fund Classification


Compare NTBIX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.93

0.00%

$125.30 B

5.19%

$0.62

-0.91%

1.09%

$10.24

0.00%

$32.69 B

2.75%

$0.28

2.71%

0.74%

$8.23

0.00%

$18.52 B

3.80%

$0.31

1.23%

0.79%

$9.82

-0.10%

$16.74 B

5.21%

$0.51

-8.40%

0.92%

$12.61

+0.08%

$14.90 B

2.10%

$0.26

2.69%

0.97%

NTBIX - Profile

Distributions

  • YTD Total Return 5.8%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.41%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Navigator Tactical Fixed Income Fund
  • Fund Family Name
    Navigator Funds
  • Inception Date
    Mar 27, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Rights

Fund Description

The fund will normally invest at least 80% of its assets, defined as net assets plus the amount of any borrowings for investment purposes, in long and/or short positions in fixed income securities. It defines fixed income securities as including (i) bills, (ii) notes, (iii) structured notes, (iv) bonds, (v) preferred stocks, (vi) any other debt or debt-related securities of any maturities, (vii) fixed income derivatives, and (viii) underlying funds that invest primarily in fixed income securities, or (ix) other evidences of indebtedness.


NTBIX - Performance

Return Ranking - Trailing

Period NTBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -39.7% 308.7% 8.87%
1 Yr 5.3% -30.8% 18.8% 18.58%
3 Yr 3.7%* -12.3% 7.8% 26.98%
5 Yr 6.2%* -15.6% 10.7% 4.86%
10 Yr N/A* -1.7% 11.6% N/A

* Annualized

Return Ranking - Calendar

Period NTBIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.3% -35.1% 15.3% 42.39%
2018 -2.8% -48.0% 3.1% 18.47%
2017 -1.0% -14.8% 11.2% 92.18%
2016 10.7% -11.2% 10.7% 0.58%
2015 -3.4% -51.1% 4.8% 29.30%

Total Return Ranking - Trailing

Period NTBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -39.7% 308.7% 8.87%
1 Yr 5.3% -33.3% 18.8% 15.66%
3 Yr 3.7%* -14.0% 7.8% 23.33%
5 Yr 6.2%* -16.6% 10.7% 4.86%
10 Yr N/A* -1.7% 11.6% N/A

* Annualized

Total Return Ranking - Calendar

Period NTBIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.3% -35.1% 15.3% 43.63%
2018 -0.6% -48.0% 8.0% 16.44%
2017 5.9% -14.8% 15.2% 15.45%
2016 17.7% -11.2% 17.7% 0.19%
2015 -1.0% -51.1% 5.4% 20.48%

NAV & Total Return History


NTBIX - Holdings

Concentration Analysis

NTBIX Category Low Category High NTBIX % Rank
Net Assets 6.17 B 1.11 M 125 B 7.38%
Number of Holdings 641 3 7722 40.81%
Net Assets in Top 10 2.71 B -3.27 B 29.7 B 6.13%
Weighting of Top 10 44.42% 4.9% 100.0% 23.93%

Top 10 Holdings

  1. iShares iBoxx $ High Yield Corp Bd ETF 13.41%
  2. JPMorgan Prime Money Market Capital 7.96%
  3. SPDR® Blmbg Barclays High Yield Bd ETF 5.61%
  4. Morgan Stanley Inst Lqudty Prime Inst 5.50%
  5. Western Asset Instl Liqd Rsrvs Instl 3.69%
  6. Dreyfus Treasury Obligations Csh Mgt Ins 2.52%
  7. Recv Spdr Bbg Barc High Y 1.81%
  8. Recv Spdr Bbg Barc High Y 1.81%
  9. Recv Spdr Bbg Barc High Y 1.81%
  10. Recv Spdr Bbg Barc High Y 1.81%

Asset Allocation

Weighting Return Low Return High NTBIX % Rank
Bonds
70.48% -262.75% 322.42% 87.81%
Cash
26.08% -229.11% 362.75% 9.75%
Other
1.72% -25.82% 100.67% 9.89%
Convertible Bonds
1.47% 0.00% 160.39% 48.89%
Stocks
0.23% -65.68% 166.80% 36.01%
Preferred Stocks
0.02% 0.00% 28.10% 49.30%

Stock Sector Breakdown

Weighting Return Low Return High NTBIX % Rank
Communication Services
17.03% 0.00% 100.00% 13.01%
Industrials
16.28% 0.00% 100.00% 9.17%
Consumer Defense
14.82% 0.00% 94.80% 4.69%
Consumer Cyclical
14.77% 0.00% 100.00% 15.57%
Basic Materials
11.87% 0.00% 31.61% 6.18%
Technology
10.74% 0.00% 100.00% 23.88%
Healthcare
5.75% 0.00% 82.26% 31.34%
Utilities
4.61% 0.00% 100.00% 26.01%
Financial Services
3.80% 0.00% 100.00% 41.58%
Energy
0.34% 0.00% 100.00% 55.65%
Real Estate
0.00% 0.00% 100.00% 76.12%

Stock Geographic Breakdown

Weighting Return Low Return High NTBIX % Rank
US
0.22% -62.15% 166.80% 33.98%
Non US
0.01% -3.53% 3.13% 27.30%

Bond Sector Breakdown

Weighting Return Low Return High NTBIX % Rank
Corporate
69.99% 0.00% 99.15% 14.21%
Cash & Equivalents
28.20% 0.00% 100.00% 9.33%
Derivative
1.06% 0.00% 68.37% 33.84%
Government
0.50% 0.00% 98.23% 81.06%
Municipal
0.25% 0.00% 41.64% 30.22%
Securitized
0.00% 0.00% 98.91% 96.24%

Bond Geographic Breakdown

Weighting Return Low Return High NTBIX % Rank
US
59.75% -262.75% 231.38% 66.85%
Non US
10.73% -91.99% 135.29% 72.28%

NTBIX - Expenses

Operational Fees

NTBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.01% 24.26% 63.91%
Management Fee 0.85% 0.00% 2.25% 78.68%
12b-1 Fee 0.00% 0.00% 1.00% 10.12%
Administrative Fee N/A 0.01% 0.70% 21.09%

Sales Fees

NTBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 6.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

NTBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NTBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 151.00% 0.00% 493.00% 78.36%

NTBIX - Distributions

Dividend Yield Analysis

NTBIX Category Low Category High NTBIX % Rank
Dividend Yield 0.00% 0.00% 6.15% 61.90%

Dividend Distribution Analysis

NTBIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

NTBIX Category Low Category High NTBIX % Rank
Net Income Ratio 2.41% -1.55% 18.14% 85.01%

Capital Gain Distribution Analysis

NTBIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

NTBIX - Fund Manager Analysis

Managers

David Rights


Start Date

Tenure

Tenure Rank

Mar 27, 2014

6.6

6.6%

As Director of Research David directs the ongoing research into securities selection and portfolio strategies used to enhance the Navigator® investment programs. In the late 1970s, David began to develop economically based, quantitatively driven econometric models. He has also developed technical models used to enhance relative returns and reduce the risks of ETF and fund based products. David is a member of the Clark Capital Investment Team. David was formerly President and Chief Investment Officer of RTE Asset Management which merged with Clark Capital in 2005. He holds a degree in Electrical Engineering from Lehigh University.

Mason Wev


Start Date

Tenure

Tenure Rank

Mar 27, 2014

6.6

6.6%

Mason joined Clark Capital Management Group, Inc. in 2005 as a Portfolio Manager He is a member of the Clark Capital Investment Team, contributing to asset allocation policy and security selection. Mason has more than a decade of experience in the investment industry. He is responsible for quantitative investment analysis, security selection, and communicating the firm’s investment policy to wealth advisors and consultants. He participates in the research and product development efforts of the Portfolio Team. A graduate of Dickinson College, Mason earned an M.B.A. in International Management from the Garvin School of Management at Thunderbird (the American Graduate School of International Management). He is a CFA® charterholder, a Chartered Market Technician, and holds the Chartered Alternative Investment Analyst® (CAIA®) designation.

K. Clark


Start Date

Tenure

Tenure Rank

Mar 27, 2014

6.6

6.6%

As Clark Capital’s Chief Investment Officer, Sean oversees all of the Firm’s investment activities and heads the firm’s portfolio team. Sean joined the firm in 1993 and is responsible for asset allocation and investment selection for Navigator Investment Solutions as well as directing ongoing market research and contributing to the development of proprietary products. Sean is a member of the Clark Capital Investment Team and the Executive Team. He graduated from the University of Delaware, earning a B.S. and an M.A. in Economics. Sean holds the Chartered Financial Analyst® designation and is a member of the CFA Institute (formerly AIMR) and the Financial Analysts of Philadelphia, Inc. Sean is considered an industry expert and is often asked to appear on CNBC and Bloomberg television to share his views on the market. In addition, Sean has been featured in a number of articles in nationally distributed business journals and newspapers. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Robert Bennett


Start Date

Tenure

Tenure Rank

Apr 01, 2014

6.59

6.6%

Mr. Bennett serves as a co-portfolio manager to the Navigator Tactical Fixed Income Fund. Mr. Bennett joined Clark Capital Management Group, Inc in 2014. He has over eight years of experience with the management and trading of various securities and derivatives. Mr. Bennett has had extensive experience overseeing the daily trading activities of various long and short ETFs and mutual Fund for ProShare Advisors LLC, including: trading cash equities, synthetic equities, futures, credit default swaps, corporate bonds, treasuries, and FX forwards. Mr. Bennett worked for ProShare Advisors, LLC from 2008-2014. He began his career as a Financial Advisor at UBS Financial Services, Inc. Robert received his B.S. in business management from Wentworth Institute of Technology.

Jonathan Fiebach


Start Date

Tenure

Tenure Rank

Dec 07, 2016

3.9

3.9%

Jonathan A. Fiebach joined Clark Capital in 2016, previously, Mr. Fiebach had been Co-CEO and CIO of Main Point Advisors Inc. since 2013. Mr. Fiebach was also a principal with Grant Williams, L.P. from October, 2011 until June 2016. Prior to that Mr. Fiebach was President and owner of Fiebach Investments, LLC from 2010 to 2012 and Managing Director of Duration Capital Management Advisors Inc. from 2002-2012. In each capacity he was responsible for investment and hedging decisions. Mr. Fiebach has over 26 years of investment management industry experience.

Alexander Meyer


Start Date

Tenure

Tenure Rank

May 01, 2019

1.5

1.5%

Alexander Meyer is a Portfolio Manager on Clark Capital’s Fixed Income Team. Mr. Meyer has over 10 years of industry experience across fixed income sectors including municipals, investment grade corporates, and high yield corporate bonds. Prior to joining the firm in 2019, Mr. Meyer served as Vice President at Jefferies. He graduated Summa Cum Laude from the University of Pennsylvania with a B.A. in Economics and holds the CFA® designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 29.48 5.39 1.84