NTBAX Performance — Navigator Tactical Fixed Income Fund, Class A
Data updated: 2026-09-04
NTBAX returned +1.30% year to date and +4.58% over one year to Jul 2026. Annualised returns are +4.86% over 3 years and +2.54% over 5 years. Against its Short-Term Corporate Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $115, against $120 for the category, and to $105 over one year, against $104. Volatility over the past three years was 4.45% a year. In the 12 months to Jul 2026 the fund lost a net $574.4M, and assets reached $7.14B.
NTBAX Growth of $100
What $100 invested in Navigator Tactical Fixed Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Corporate Bond category average over the same months.
| Period | NTBAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $104 |
| 3 years (Aug 2023 – Jul 2026) | $115 | $120 |
| 5 years (Aug 2021 – Jul 2026) | $113 | $116 |
| Since data start (Feb 2020 – Jul 2026) | $127 | $124 |
NTBAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.30% |
| 1 year | +4.58% |
| 3 years (annualised) | +4.86% |
| 5 years (annualised) | +2.54% |
NTBAX Annual Returns
Calendar-year total returns of Navigator Tactical Fixed Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.30% |
| 2025 | +2.71% |
| 2024 | +7.38% |
| 2023 | +10.28% |
| 2022 | −8.96% |
| 2021 | +4.05% |
| 2020 (Feb–Dec) | +8.83% |
NTBAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.3% | 0.0% | −1.2% | +1.8% | +0.5% | +0.2% | −0.3% | — | — | — | — | — |
| 2025 | +0.9% | +0.7% | −0.8% | −4.4% | +1.5% | +1.6% | +0.1% | +0.9% | +0.9% | +0.3% | +0.7% | +0.3% |
| 2024 | +0.3% | +0.4% | +1.3% | −1.3% | +1.5% | +0.7% | +1.6% | +1.2% | +1.3% | −0.8% | +1.6% | −0.6% |
| 2023 | +3.2% | −1.4% | +1.3% | +1.3% | −0.2% | +1.6% | +0.9% | 0.0% | −1.0% | −0.7% | +2.1% | +2.9% |
| 2022 | −2.1% | −0.6% | −0.3% | −1.8% | −0.2% | −4.3% | +0.5% | −1.9% | +0.2% | −0.4% | +3.0% | −1.3% |
| 2021 | −0.6% | +0.4% | +1.1% | +1.1% | +0.2% | +0.9% | −0.1% | +0.7% | −0.6% | +0.2% | −0.7% | +1.5% |
| 2020 | — | −0.5% | −3.4% | +4.2% | +2.9% | −0.9% | +1.2% | +1.6% | −1.5% | −0.4% | +4.3% | +1.2% |
NTBAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.45%
- 3-year Sharpe ratio: 0.08 (vs 4.5% risk-free rate)
- Best month: +2.86% (Dec 2023)
- Worst month: −4.37% (Apr 2025)
NTBAX Fund Flows
Monthly money in and out of Navigator Tactical Fixed Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$574.4M
- 12-month gross sales (incl. reinvestments): $2.1B
- Sales ÷ redemptions: 0.79×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $121.1M | $167.5M | −$46.4M |
| Jun 2026 | $148.0M | $138.5M | $9.5M |
| May 2026 | $177.6M | $160.1M | $17.5M |
| Apr 2026 | $144.0M | $281.3M | −$137.3M |
| Mar 2026 | $135.9M | $243.5M | −$107.6M |
| Feb 2026 | $232.8M | $202.9M | $29.9M |
| Jan 2026 | $239.2M | $305.3M | −$66.2M |
| Dec 2025 | $242.3M | $235.0M | $7.3M |
| Nov 2025 | $156.0M | $207.4M | −$51.4M |
| Oct 2025 | $156.3M | $318.0M | −$161.8M |
| Sep 2025 | $201.2M | $230.2M | −$29.0M |
| Aug 2025 | $156.5M | $195.6M | −$39.1M |
NTBAX Assets Under Management
Net assets of Navigator Tactical Fixed Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $7.14B |
| 2026-04-30 | $7.18B |
| 2026-01-31 | $7.39B |
| 2025-10-31 | $7.51B |
| 2025-07-31 | $7.66B |
| 2025-04-30 | $7.50B |
| 2025-01-31 | $8.02B |
| 2024-10-31 | $7.67B |
| 2024-07-31 | $7.44B |
| 2024-04-30 | $7.12B |
| 2024-01-31 | $6.93B |
| 2023-10-31 | $6.55B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.