NAVAX : Navigator Equity Hedged Fund Class A

Fund Summary

The investment seeks long-term capital appreciation. The fund allocates assets across various sectors of the global equity markets by investing primarily in ETFs that each invests primarily equity securities and put options on the Standard & Poor's 500 Index volatility-linked exchange-traded funds and volatility-linked exchange-traded notes for hedging purposes. It defines equity securities to include both (i) ETFs that invest primarily in common stocks and (ii) put options on the Standard & Poor's 500 Index. The fund invests at least 80% of its assets in equity securities.