NTIIX Fees and Costs — Navigator Tactical Investment Grade Bond Fund, Class I
Data updated: 2026-09-04
The net expense ratio is 1.06% (1.16% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 464%.
NTIIX Fees and Expenses
Annual operating expenses and sales charges of NTIIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.06% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
NTIIX Costs Over Time
On $10,000 invested in NTIIX, assuming 5% a year before costs, total costs come to $662 over 5 years, cutting the return by 1.11% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.06%) | $111 | $347 | $601 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $364 | $662 |
| Value after costs | $10,389 | $11,212 | $12,101 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
NTIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $9.6B
- Portfolio turnover (prospectus): 464%
- Securities lending: none during the year
NTIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANE STREET | $6.2B | 64.11% |
| GOLDMAN SACHS | $1.2B | 12.51% |
| JPMORGAN CHASE | $1.2B | 12.01% |
| WELLS FARGO BANK | $500.1M | 5.19% |
| TD SECURITIES | $496.6M | 5.16% |
| ROYAL BANK OF CANADA CAPITAL MARKETS | $51.5M | 0.53% |
| BANK OF AMERICA MERRILL LYNCH | $18.5M | 0.19% |
| MORGAN STANLEY SMITH BARNEY | $12.6M | 0.13% |
| MARKETAXESS | $9.3M | 0.10% |
| Citigroup | $5.5M | 0.06% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.