Year-End Capital Gain Distributions Estimates
Estimates as of 9/30/20251
The table below lists estimated capital gain distributions and share class net asset values (NAV) for the Navigator Funds as of September 30, 2025. Actual distribution numbers may significantly change due to, among other things, market volatility, portfolio and shareholder activity, and tax adjustments.
| Short-Term Capital Gains ($ per share) | Long-Term Capital Gains ($ per share) | Total Capital Gains ($ per share) | NAV ($) | Capital Gains as % of NAV | Anticipated Record Date | Anticipated Ex-Date | Anticipated Payable Date |
|---|---|---|---|---|---|---|---|
| 0.0000 | 0.0000 | 0.0000 | 9.67 | 0.00% | 12/19/2025 | 12/22/2025 | 12/23/2025 |
| Short-Term Capital Gains ($ per share) | Long-Term Capital Gains ($ per share) | Total Capital Gains ($ per share) | NAV ($) | Capital Gains as % of NAV | Anticipated Record Date | Anticipated Ex-Date | Anticipated Payable Date |
|---|---|---|---|---|---|---|---|
| 0.0000 | 0.0000 | 0.0000 | 9.67 | 0.00% | 12/19/2025 | 12/22/2025 | 12/23/2025 |
| Short-Term Capital Gains ($ per share) | Long-Term Capital Gains ($ per share) | Total Capital Gains ($ per share) | NAV ($) | Capital Gains as % of NAV | Anticipated Record Date | Anticipated Ex-Date | Anticipated Payable Date |
|---|---|---|---|---|---|---|---|
| 0.0000 | 0.0000 | 0.0000 | 9.64 | 0.00% | 12/19/2025 | 12/22/2025 | 12/23/2025 |
| Short-Term Capital Gains ($ per share) | Long-Term Capital Gains ($ per share) | Total Capital Gains ($ per share) | NAV ($) | Capital Gains as % of NAV | Anticipated Record Date | Anticipated Ex-Date | Anticipated Payable Date |
|---|---|---|---|---|---|---|---|
| 0.0043 | 0.0008 | 0.0051 | 10.08 | 0.05% | 12/18/2025 | 12/19/2025 | 12/22/2025 |
| Short-Term Capital Gains ($ per share) | Long-Term Capital Gains ($ per share) | Total Capital Gains ($ per share) | NAV ($) | Capital Gains as % of NAV | Anticipated Record Date | Anticipated Ex-Date | Anticipated Payable Date |
|---|---|---|---|---|---|---|---|
| 0.0043 | 0.0008 | 0.0051 | 10.49 | 0.05% | 12/18/2025 | 12/19/2025 | 12/22/2025 |
| Short-Term Capital Gains ($ per share) | Long-Term Capital Gains ($ per share) | Total Capital Gains ($ per share) | NAV ($) | Capital Gains as % of NAV | Anticipated Record Date | Anticipated Ex-Date | Anticipated Payable Date |
|---|---|---|---|---|---|---|---|
| 0.0002 | 0.1225 | 0.1227 | 10.30 | 1.19% | 12/18/2025 | 12/19/2025 | 12/22/2025 |
| Short-Term Capital Gains ($ per share) | Long-Term Capital Gains ($ per share) | Total Capital Gains ($ per share) | NAV ($) | Capital Gains as % of NAV | Anticipated Record Date | Anticipated Ex-Date | Anticipated Payable Date |
|---|---|---|---|---|---|---|---|
| 0.0000 | 0.0000 | 0.0000 | 8.89 | 0.00% | 12/18/2025 | 12/19/2025 | 12/22/2025 |
1Totals may differ slightly due to rounding. Actual distributions will appear on shareholders’ 1099-DIV forms which will be mailed in January 2026.
A fund’s NAV will drop on the distribution ex-date to reflect the portfolio’s NAV after distribution; this drop would be in addition to any effect the market’s performance had on the securities within the fund’s portfolio.
About Clark Capital Management Group, Inc.
Founded in 1986, Clark Capital Management Group, Inc. (“Clark Capital”) is an independent employee owned investment advisory firm based in Philadelphia, PA. Clark Capital is focused on innovative risk management strategies, with a goal of successful capital preservation. The table below lists estimated capital gain distributions and share class net asset values (NAV) for the Navigator Funds as of September 30, 2025. Actual distribution numbers may significantly change due to, among other things, market volatility, portfolio and shareholder activity, and tax adjustments.
This material is for informational purposes only and is not a recommendation to purchase or sell specific securities. The information has not been audited and may contain estimates. No fund is a complete investment program and you may lose money investing in a fund. Investors should carefully consider the investment objectives, risks, charges and expenses of the Navigator Funds. This and other important information about the Funds is contained in the prospectus, which can be obtained by calling 800.766.2264. The prospectus should be read carefully before investing. The Navigator Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Clark Capital Management Group, Inc. and Northern Lights Distributors, LLC are not affiliated.
Ex-date, or ex-dividend date, is the date on or after which a security is traded without a previously declared dividend or distribution. After the ex-date, a stock is said to trade ex-dividend. The ex-date is the date on which the seller, and not the buyer, of a stock will be entitled to a recently announced dividend.
Record date is the cut-off date established by a company in order to determine which shareholders are eligible to receive a divided or distribution. The shareholders of record as of the record date will be entitled to receive the dividend or distribution declared by the company.
Pay date is the date on which a declared distribution is scheduled to be paid.
NOT FDIC INSURED — NOT BANK GUARANTEED — MAY LOSE VALUE
Important Risk Information
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The fund uses exchange traded product based upon the CBOE S&P 500 Volatility Index (VIX) to hedge the portfolio which can limit the opportunity to participate in the gains of portfolio holdings in positive markets. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus. The principal risks of investing in the Navigator Tactical Fixed Income Fund include: equity securities risk, growth stock risk, value stock risk, foreign securities risk, emerging markets risk, small and mid-sized company risk and portfolio selection risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries. Small-cap and mid-cap companies may be more vulnerable than larger, more established organizations to adverse business or economic developments. The Fund invests in exchange traded funds (ETFs) and performance is subject to underlying investment weightings which will vary. ETFs are subject to expenses, which will be indirectly paid by the fund. The cost of investing in a Fund that invests in ETFs will generally be higher than the cost of investing in a Fund that invests directly in individual stocks and bonds. Clark Capital Management Group, Inc. and Northern Lights Distributors, LLC are not affiliated. Exchange traded notes (ETNs) are unsecured obligation of the issuer and are not secured debt. ETNs are riskier than ordinary unsecured debt securities and have no principal protection. ETNs include limited portfolio diversification, trade price fluctuations, uncertain principal repayment, and illiquidity. Investing in the ETNs is not equivalent to investing directly in an index or in any particular index components. The investor fee will reduce the amount of your return at maturity or on redemption, and as a result you may receive less than the principal amount of your investment at maturity or upon redemption of your ETNs even if the level of the relevant index has increased or decreased (as may be applicable to the particular series of ETNs). An investment in an ETNs may not be suitable for all investors. Investing in ETPs based upon VIX futures may be subject to greater volatility than investments in traditional securities, which may adversely affect an investor’s investment. VIX futures indexes are mean reverting; ETPs benchmarked to them should not be expected to appreciate over extended periods.
Terms of Use
The views provided on this Web site are intended to provide the investor with an introduction to Clark Capital Management Group, Inc. and its investment strategies and the Navigator mutual funds.
Nothing on this website should be construed as a solicitation or offer, or recommendation, to buy or sell any security, or as an offer to provide advisory services by Clark Capital Management Group, Inc. in any jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. Information on this website is intended only for United States citizens and residents. Nothing contained on this website constitutes investment, legal, tax or other advice, nor should be relied upon in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. Shares in the Navigator Tactical Fixed Income Fund are offered by prospectus only.
Linked Websites
Clark Capital may provide access to information, products, or services offered on websites that are owned or operated by other companies (“third-party websites”). We provide this access using hyperlinks that automatically move you from a Clark Capital website to the third-party site.
Data and other materials appearing on this site that are obtained from third parties are believed by Clark Capital to be reputable sources, but Clark Capital cannot guarantee and is not responsible for their accuracy, timeliness, completeness, or suitability for use. Clark Capital is not responsible for, and does not prepare, edit, or endorse, the content, advertising, products, or other materials on or available from any website owned or operated by a third party that is linked to this Site via hyperlink. The fact that Clark Capital has provided a link to a third party’s website does not constitute an implicit or explicit endorsement, authorization, sponsorship, or affiliation by Clark Capital with respect to such website, its owners, providers, or services. You will use any such third-party content at your own risk and you agree that Clark Capital is not liable for any loss or damage that you may suffer by using third-party websites or any content, advertising, products, or other materials in connection therewith.
When you visit a third-party website by using a link on Clark Capital’s site, you will no longer be protected by the Clark Capital privacy policy or security practices. The data collection, use, and protection practices of the linked site may differ from the practices of Clark Capital sites. You should familiarize yourself with the privacy policy and security practices of the linked website. Those are the policies and practices that will apply to your use of the linked website, not the Clark Capital policies and practices.
Privacy Policy
As a client of Clark Capital, you have entrusted your personal information and financial data to our care. Because this is your private information and data, we exercise extreme care in how we handle it. We are required by federal law to advise you how we collect, share, and protect your personal information. You have the right to limit some but not all sharing of personal information. Please read this notice carefully to understand what we do.
The Types of Personal Information We Collect
The types of personal information we collect and share depend on the product or service you have with us. This information can include, among other things:
- Your name and address
- Social Security number
- Date of birth
- Assets and income
- Account balances
We may collect your personal information, for example, when you enter into an investment advisory agreement, open an account with a custodian, or make deposits or withdrawals from your account.
Why We May Need to Share Your Personal Information
Like all financial companies, we need to share your personal information with third parties to run our everyday business and to provide you services such as processing transactions and maintaining your account. The third parties that we share your personal information with (such as financial service companies, sub-advisers, consultants and auditors) are contractually prohibited from disclosing or using your personal information for any purpose other than providing such services, and are required to maintain appropriate security measures for protecting your personal information. We may also share your personal information as required by law, such as responding to court orders and legal investigations. We do not disclose your personal information to anyone for marketing purposes.
How We Protect Your Personal Information
Within Clark Capital, we restrict access to information about you to those employees who need to know the information to service your account. To protect your personal information from unauthorized access and use, we use physical, electronic, and procedural safeguards that comply with applicable laws and industry standards and practices.
Federal law gives you the right to limit only: (1) sharing for affiliates’ everyday business purposes, (2) sharing with affiliates to use your information to market to you, and (3) sharing with non-affiliates to use your information to market to you. We do not share your information in any of these ways. State laws and individual companies may give you additional rights to limit sharing.
When you are no longer our customer, we continue to share your information only as described in this notice.
Definitions
Affiliates: Companies related by common ownership or control. They can be financial and non- financial companies. We do not share with affiliates.
Non-affiliates: Companies not related by common ownership or control. They can be financial and nonfinancial companies. We do not share with non-affiliates except as describe in this notice.
Joint Marketing: A formal agreement between non-affiliated financial companies that together market financial products or services to you. We do not engage in joint marketing.
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