Fund Evaluator:

Navigator Tactical US Allocation I Overview

Navigator Tactical US Allocation I (NTAIX) is an actively managed Allocation Moderate Allocation fund. Navigator Funds launched the fund in 2021.

The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes, if any) in U.S. equity and fixed income securities. The adviser defines equity securities as including individual U.S. stocks of any market capitalization, exchange traded funds and mutual funds (“underlying funds”) that primarily invest in equity securities, and futures, options, and swaps on equity securities and indices. The fund may invest in debt securities of any maturity or credit quality, including those rated below investment grade (“high yield securities” or “junk bonds”).

About Navigator Tactical US Allocation I (NTAIX)

There are 4 members of the management team with an average tenure of 5.51 years: K. Clark (2021), Robert Bennett, Jr. (2021), Kevin Bellis (2021), Alexander Meyer (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Navigator Tactical US Allocation I has 61 securities in its portfolio. The top 10 holdings constitute 25.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Navigator Tactical US Allocation I is part of the Allocation global asset class and is within the Allocation fund group. Navigator Tactical US Allocation I has 6.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 5.6%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 59.0% (52.3% domestic bond, 6.7% foreign bond and 0.0% convertible bond). Navigator Tactical US Allocation I has 35.4% of the portfolio in cash.

Assets Under Management

The fund has $77 million in total assets, which is below the $2 billion average for the Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

NTAIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Navigator Tactical US Allocation I expense ratio is high compared to funds in the Moderate Allocation category. Navigator Tactical US Allocation I has an expense ratio of 1.03%, which is 4% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Navigator Tactical US Allocation I has a portfolio turnover rate of 40%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.

Recently, in the month of July 2026, Navigator Tactical US Allocation I returned -0.1%, which earned it a grade of C, as the Moderate Allocation category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Navigator Tactical US Allocation I has a trailing yield of 2.77%, which is above the 1.97% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Navigator Tactical US Allocation I Grades

Year to date, the fund has returned 9.2%, 2.7 percentage points better than the category, which translates into a grade of A. The fund has returned 17.9% over the past year (grade of A), 11.8% over the past three years (grade of C) and 8.3% per year over the past five years (grade of A).

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