Morningstar

Navigator Tactical Fixed Income Fund Class A NTBAX

Morningstar Medalist Rating
Medalist Rating as of | See NAVigator Investment Hub
  • NAV / 1-Day Return 9.69  /  +0.10 %
  • Total Assets 7.2B
  • Adj. Expense Ratio
    1.280%
  • Expense Ratio 1.210%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 3.86%
  • Effective Duration —

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 12:51 AM GMT+0

Morningstar’s Analysis NTBAX

Will NTBAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NTBAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NTBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NTBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Navigator Tactical Fixed Income A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings NTBAX

More NTBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

iShares iBoxx $ High Yield Corp Bd ETF

9.98 723M
—

United States Treasury Notes 4.125%

4.15 300M
Government

BNY Dreyfus Treasury Oblgtns Csh Mgt Ins

3.65 264M
Cash and Equivalents

United States Treasury Bills 0%

2.07 150M
Government

United States Treasury Bills 0%

2.07 150M
Government

United States Treasury Bills 0%

2.06 149M
Government

United States Treasury Bills 0%

2.06 149M
Government

United States Treasury Bills 0%

2.06 149M
Government

United States Treasury Bills 0%

2.06 149M
Government

United States Treasury Bills 0%

2.06 149M
Government

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