- Issuer
- Navigator Funds
- Inception Date
- Aug 30, 2021
- Category
- Nontraditional Bonds
- Min. Investment
- $25,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
NTIIX Performance Chart
Navigator Tactical Investment Grade Bond Fund (NTIIX) is down 0.9% since the beginning of the year. NTIIX is currently trading at $9 per share.
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Returns By Period
Navigator Tactical Investment Grade Bond Fund (NTIIX) has returned -0.88% so far this year and 3.23% over the past 12 months.
Navigator Tactical Investment Grade Bond Fund
- 1D
- 0.00%
- 1M
- 0.12%
- YTD
- -0.88%
- 6M
- -0.66%
- 1Y
- 3.23%
- 3Y*
- 3.49%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NTIIX Monthly Returns History
Based on dividend-adjusted daily data since Aug 31, 2021, NTIIX's average daily return is 0.00%, while the average monthly return is +0.02%. At this rate, an investment would double in approximately 288.8 years.
Historically, 58% of months were positive and 42% were negative. The best month was Dec 2023 with a return of +4.5%, while the worst month was Jun 2022 at -3.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.
On a daily basis, NTIIX closed higher 30% of trading days. The best single day was Nov 14, 2023 with a return of +1.6%, while the worst single day was Jun 13, 2022 at -1.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.11% | 1.24% | -2.77% | 0.23% | 0.23% | 0.12% | -0.88% | ||||||
| 2025 | 0.33% | 0.33% | -0.45% | -2.79% | -0.11% | 2.05% | -0.00% | 0.80% | 1.45% | 0.34% | 0.67% | -0.40% | 2.16% |
| 2024 | -0.42% | -2.23% | 0.26% | 0.44% | 0.33% | -0.27% | 1.87% | 1.83% | 1.62% | -2.11% | 0.32% | -2.37% | -0.85% |
| 2023 | 1.45% | -1.54% | 0.90% | 0.67% | -2.21% | 0.41% | 0.34% | 0.34% | 0.40% | 0.34% | 3.97% | 4.51% | 9.79% |
| 2022 | -1.13% | -0.10% | -1.97% | -2.12% | -0.54% | -3.05% | 3.37% | -2.61% | 0.12% | 0.22% | 1.45% | -0.18% | -6.51% |
| 2021 | 0.00% | -1.33% | 0.20% | -0.51% | -0.67% | -2.29% |
Benchmark Metrics
Navigator Tactical Investment Grade Bond Fund has an annualized alpha of 0.08%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 31, 2021.
- This fund participated in 27.37% of S&P 500 Index downside but only 12.40% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.02 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.08%
- Beta
- 0.02
- R²
- 0.00
- Upside Capture
- 12.40%
- Downside Capture
- 27.37%
Expense Ratio
NTIIX has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NTIIX ranks 12 for risk / return — in the bottom 12% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Navigator Tactical Investment Grade Bond Fund (NTIIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NTIIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.78 | -1.78 |
| Martin ratioReturn relative to average drawdown | 2.32 | 12.44 | -10.12 |
Dividends
Dividend History
Navigator Tactical Investment Grade Bond Fund provided a 4.27% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.36 | $0.38 | $0.36 | $0.15 | $0.02 |
Dividend yield | 4.27% | 4.07% | 4.24% | 3.85% | 1.63% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Navigator Tactical Investment Grade Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.36 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.38 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.15 |
| 2021 | $0.01 | $0.00 | $0.00 | $0.01 | $0.02 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Navigator Tactical Investment Grade Bond 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 Investment Grade Bond Fund was 12.35%, occurring on Jun 27, 2022. Recovery took 378 trading sessions.
The current Navigator Tactical Investment Grade Bond Fund drawdown is 3.48%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -12.35%Jun 2022 | 9mo 15d | 1y 6mo | 2y 3moSep 2021 - Dec 2023 |
2025 selloff2025 | -8.52%May 2025 | 8mo 6d | — | 1y 9moSep 2024 - now |
2024 pullback2024 | -3.16%Feb 2024 | 1mo 19d | 5mo 18d | 7mo 7dDec 2023 - Aug 2024 |
2024 pullback2024 | -1.27%Aug 2024 | 3d | 6d | 9dAug 2024 - Aug 2024 |
2024 pullback2024 | -0.63%Aug 2024 | 3d | 5d | 8dAug 2024 - Sep 2024 |
Drawdown Indicators
| NTIIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.35% | -56.78% | +44.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -9.10% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -8.52% | -18.90% | +10.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.48% | -1.80% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -10.71% | +5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.03% | -0.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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