Navigator Tactical Fixed Income Fund (NTBIX)
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. The adviser 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.
Fund Info
| ISIN | US66538B5782 |
|---|---|
| CUSIP | 66538B578 |
| Issuer | Navigator Funds |
| Inception Date | Mar 26, 2014 |
| Category | Nontraditional Bonds |
| Min. Investment | $25,000 |
| Asset Class | Bond |
Expense Ratio
NTBIX has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: NTBIX vs. LALDX, NTBIX vs. JPST, NTBIX vs. SGOV, NTBIX vs. STIP, NTBIX vs. KAMIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Navigator Tactical Fixed Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Navigator Tactical Fixed Income Fund had a return of 6.97% year-to-date (YTD) and 10.55% in the last 12 months. Over the past 10 years, Navigator Tactical Fixed Income Fund had an annualized return of 4.71%, while the S&P 500 had an annualized return of 10.88%, indicating that Navigator Tactical Fixed Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.97% | 18.10% |
| 1 month | 1.30% | 1.42% |
| 6 months | 5.67% | 9.39% |
| 1 year | 10.55% | 26.58% |
| 5 years (annualized) | 4.70% | 13.42% |
| 10 years (annualized) | 4.71% | 10.88% |
Monthly Returns
The table below presents the monthly returns of NTBIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.41% | 0.41% | 1.35% | -1.32% | 1.54% | 0.67% | 1.63% | 1.31% | 6.97% | ||||
| 2023 | 3.22% | -1.35% | 1.37% | 1.26% | -0.10% | 1.53% | 1.03% | -0.00% | -1.04% | -0.63% | 2.12% | 2.82% | 10.57% |
| 2022 | -2.01% | -0.59% | -0.24% | -1.78% | -0.20% | -4.23% | 0.42% | -1.78% | 0.22% | -0.43% | 3.01% | -1.30% | -8.71% |
| 2021 | -0.56% | 0.38% | 1.14% | 1.12% | 0.18% | 0.90% | -0.09% | 0.73% | -0.52% | 0.18% | -0.73% | 1.49% | 4.28% |
| 2020 | -0.10% | -0.48% | -3.45% | 4.34% | 2.81% | -0.83% | 1.23% | 1.69% | -1.57% | -0.28% | 4.32% | 1.23% | 8.96% |
| 2019 | 1.72% | 1.00% | 1.15% | 1.28% | -1.65% | 0.78% | -0.20% | 2.86% | -1.92% | 0.59% | 0.68% | 1.36% | 7.82% |
| 2018 | 0.00% | -0.89% | -0.14% | 0.50% | 0.10% | 0.08% | 1.60% | 0.59% | 0.72% | -1.27% | -0.89% | -0.21% | 0.14% |
| 2017 | 0.78% | 1.26% | -0.06% | 0.87% | 0.77% | -0.17% | 1.15% | 0.09% | 0.56% | 0.47% | -0.28% | 0.34% | 5.92% |
| 2016 | 2.48% | 0.74% | 3.75% | 2.43% | 0.49% | 1.04% | 1.67% | 1.36% | 0.68% | -0.58% | 0.39% | 2.05% | 17.71% |
| 2015 | 0.83% | 1.24% | -0.29% | 0.67% | 0.31% | -1.27% | -0.52% | -0.11% | 0.75% | 0.21% | -1.36% | -1.40% | -0.98% |
| 2014 | 0.10% | 0.50% | 0.80% | 0.81% | -1.87% | 1.81% | -2.24% | -0.81% | -0.10% | -1.00% | -2.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of NTBIX is 88, placing it in the top 12% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Navigator Tactical Fixed Income Fund (NTBIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Navigator Tactical Fixed Income Fund granted a 5.88% dividend yield in the last twelve months. The annual payout for that period amounted to $0.60 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.53 | $0.22 | $0.70 | $0.61 | $0.24 | $0.30 | $0.70 | $0.64 | $0.24 | $0.21 |
Dividend yield | 5.88% | 5.49% | 2.37% | 6.72% | 5.68% | 2.36% | 3.01% | 6.89% | 6.20% | 2.61% | 2.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Navigator Tactical Fixed Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.26 | |||
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.53 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.14 | $0.22 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.56 | $0.70 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.61 |
| 2019 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.24 |
| 2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.30 |
| 2017 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.44 | $0.70 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.37 | $0.64 |
| 2015 | $0.00 | $0.00 | $0.02 | $0.04 | $0.00 | $0.10 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.24 |
| 2014 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.03 | $0.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Navigator Tactical Fixed Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Navigator Tactical Fixed Income Fund was 11.44%, occurring on Nov 3, 2022. Recovery took 279 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.44% | Dec 28, 2021 | 216 | Nov 3, 2022 | 279 | Dec 14, 2023 | 495 |
| -8% | Feb 18, 2020 | 34 | Apr 3, 2020 | 4 | Apr 9, 2020 | 38 |
| -5.33% | Jul 7, 2014 | 375 | Dec 29, 2015 | 49 | Mar 10, 2016 | 424 |
| -4.27% | Jun 9, 2020 | 17 | Jul 1, 2020 | 91 | Nov 9, 2020 | 108 |
| -3.35% | Apr 13, 2020 | 7 | Apr 21, 2020 | 24 | May 26, 2020 | 31 |
Volatility
Volatility Chart
The current Navigator Tactical Fixed Income Fund volatility is 0.76%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.