Clark Capital Management Group Inc

Item 5 – Fees and Compensation
ANNUAL INVESTMENT ADVISORY FEES

Clark Capital’s fees are described generally below and detailed in each client’s advisory agreement or applicable
account documents. In some cases, the total investment advisory fees charged by Program Sponsors may be
negotiated. Clients should refer to the applicable Program Sponsor’s Form ADV Part 2A for more information about
fees.

WRAP FEE PROGRAM FEES

We charge a fee based on a percentage of a client’s assets under management for the services that we provide through
Wrap Fee Programs. The Program Sponsors calculate fees based on a percentage of the assets in your account and
the amount of compensation paid to Clark Capital is negotiated with the Program Sponsor of your account. Once
calculated, the Program Sponsors pay us the portion of our fees for managing your account. Currently, the fees paid
to Clark Capital in Wrap Fee Programs range from 0% to .60%. These fees vary for several reasons, including but
not limited to: (a) negotiations with the Program Sponsor; (b) size of the account; (c) the investment strategy or
strategies selected; (d) the level of services provided; and (e) whether Navigator Mutual Funds are part of the
investment strategy selected, as further described in Items 5 and 10 below. Program Sponsors of Wrap Fee Programs
in which Clark Capital participates provide information to their clients indicating the total fee the client is charged.

Our fees are generally payable quarterly in advance unless negotiated differently with the Program Sponsor. The
contracts that clients enter into with the Program Sponsors contain the total investment advisory fee, termination
provisions, and refund provisions, as applicable. The total fee for Wrap Fee Programs typically covers the investment
advice, portfolio allocations, client consultation, custodial, clearing, and brokerage, although the services provided
in these programs vary. You should review the Program Sponsor’s contract and the applicable Wrap Fee Program
Brochure prior to opening an account with a Program Sponsor.

A list of Wrap Fee Program Sponsors whose accounts Clark Capital sub-advises can be found in Clark Capital’s
Form ADV Part 1A. The investment strategies that Clark Capital currently provides in Wrap Fee Programs are listed
below.

NAVIGATOR MUTUAL FUND MANAGEMENT FEES

Each Navigator Mutual Fund pays Clark Capital a management fee of a specified percentage of the Fund’s average
daily net assets. The fee schedules below reflect the fees stated in each Fund’s prospectus as of the date of this
Brochure. Navigator Mutual Fund management fees are not negotiable but are reviewed by the Funds’ Board of
Trustees on an annual basis.

 Fund Name                                                  Annual Management Fee
 Navigator Tactical Fixed Income Fund                       0.81%
 Navigator Tactical U.S. Allocation Fund                    0.85%
 Navigator Ultra Short Bond Fund                            0.30%
 Navigator Tactical Investment Grade Bond Fund              0.85%

The fee schedules for the Navigator Tactical Fixed Income Fund, the Navigator Tactical U.S. Allocation Fund, and
the Navigator Tactical Investment Grade Bond Fund include management fee breakpoints, which reduce Clark
Capital’s total management fees when the net assets in the aforementioned funds exceeds the thresholds in the table
below:

 Portion of Net Assets                                                           Annual Management Fee
 Less than $4.5 billion                                                          0.85%
 Greater than $4.5 billion and less than or equal to $5.5 billion                0.80%
 Greater than $5.5 billion                                                       0.75%

Navigator Mutual Fund investors also pay fees and expenses that are in addition to the stated management fees,
including distribution fees and expenses, administrative expenses, custodial and transfer agent expenses, acquired
fund fees and expenses, and other operating expenses as described in the Funds’ prospectus. Additional information
about the fees and expenses charged to the Navigator Mutual Funds is available in the Funds’ prospectus, which is
available on the Funds’ website (www.navigatorfunds.com) or on the SEC’s EDGAR database.

CLARK CAPITAL SPONSORED TAMP FEES

Please read Clark Capital’s Wrap Fee Brochure for a complete description of the fees in the TAMP that we sponsor,
including the applicable fee schedule.

ADDITIONAL FEES AND EXPENSES

In Wrap Fee Programs and Model Delivery Programs, the wrap fees payable to Program Sponsors may not include
all of the fees and expenses that you will pay. The following fees could be assessed depending upon your contract
with the Program Sponsor: (1) advisory fees and administrative fees charged by mutual funds and exchange traded
products (such as 12b-1 distribution fees, servicing fees, operating expenses and deferred sales charges); (2) wire
transfer and electronic fund processing fees; (3) SEC or other regulatory fees; (4) brokerage commissions or ticket
charges imposed by broker-dealers or the custodian if trades are cleared by another broker-dealer (including step-out
costs, which are discussed in more detail in Item 12); (5) early termination fees assessed by the custodian, when client
terminates IRA and Qualified Retirement Plan accounts; or (6) other fees mandated by law. Additionally, certain
Clark Capital strategies offered in Wrap Fee Programs invest in one or more of the Navigator Mutual Funds. In those
instances, the assets invested in a Navigator Mutual Fund will be subject to the applicable management fee imposed
on Fund assets, as described in the Fund’s prospectus and in Item 5 of this Brochure. In some instances, Wrap Fee
Program clients are subject to a separate investment advisory fee payable to Clark Capital when assets are allocated
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Item 7 – Types of Clients
We provide our services to a variety of clients including:

    •   Individuals, including high net worth individuals
    •   Registered investment companies
    •   Trusts, estates and charitable organizations
    •   Corporations or other business entities not otherwise listed
    •   Pension and profit-sharing plans (but not plan participants)
    •   Non-profit entities
    •   Wrap Fee Programs
    •   Other investment advisers

Wrap Fee Program accounts must meet minimum size requirements depending upon the description of each
portfolio/strategy in which you invest.