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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

13D Activist Fund

DDDIX | Fund

$26.72

$100 M

0.00%

1.51%

Vitals

YTD Return

28.3%

1 yr return

44.6%

3 Yr Avg Return

13.9%

5 Yr Avg Return

4.0%

Net Assets

$100 M

Holdings in Top 10

64.5%

52 WEEK LOW AND HIGH

$26.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 60.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

13D Activist Fund

DDDIX | Fund

$26.72

$100 M

0.00%

1.51%

DDDIX - Profile

Distributions

  • YTD Total Return 28.3%
  • 3 Yr Annualized Total Return 13.9%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.64%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    13D Activist Fund
  • Fund Family Name
    Navigator Funds
  • Inception Date
    Dec 28, 2011
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ken Squire

Fund Description

13D Management LLC (the “Adviser”) seeks to achieve the Fund’s investment objective by investing primarily in common stocks of U.S. and foreign companies of any market capitalization that are the target of shareholder activism. The Adviser defines an activist as an investor who holds or takes a long position in a company’s shares and either (A) has a history of activist investing and/or (B) has publicly disclosed a catalyst for change such as seeking board seats, improving operations and/or corporate governance practices, spinning-off an operating division or selling a significant amount of company assets (such an investor being referred to herein as an “activist”). The Adviser reviews all material activist situations and makes investment decisions based on its knowledge of the activist investor involved, the industry, the shareholder base, the activist’s strategy and the Adviser’s determination of the chance of success and potential impact on share price. While the Adviser does select companies with good corporate governance, it believes there is more of a social and economic benefit in identifying poor corporate governance companies and supporting a transition to good corporate governance. Implementing best corporate governance practices can range from completely changing corporate culture to replacing entrenched, conflicted and self-dealing management teams.

The Adviser uses the following selection guidelines to create and manage the Fund’s investment portfolio:

Selecting Investment Universe: Identify companies where an activist investor is involved.

Weighting Investments: Different weights will be given to each investment depending on the (i) type of activist intent stated, (ii) the activist involved, (iii) the industry involved, and (iv) the Adviser’s determination as to the chance of activist success.
Exiting Investments: Exiting an investment is an integral part of the investment strategy. The Adviser will exit a position when the activist indicates that it is exiting the investment, the activist becomes a passive investor, or in the Adviser’s opinion, the activist catalyst has changed or weakened.

While these guidelines will define the trading horizon, this horizon may change based on other events. For example, an early exit may be warranted after the activist has attained most of its goals, there has been a sufficient return on the investment, and there are other activist opportunities that the Adviser believes offer a better return. For the purposes of hedging its foreign exchange rate exposure, the Fund may purchase currency forward contracts. The Fund is non-diversified, which means that it may invest in fewer issuers than a diversified fund. The Adviser may engage in frequent buying and selling of securities in managing the Fund’s portfolio.

Read More

DDDIX - Performance

Return Ranking - Trailing

Period DDDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.3% -22.2% 42.3% 1.51%
1 Yr 44.6% -15.2% 81.7% 1.81%
3 Yr 13.9%* 4.2% 36.0% 65.86%
5 Yr 4.0%* -5.2% 17.7% 89.81%
10 Yr 10.3%* 5.2% 17.0% 45.38%

* Annualized

Return Ranking - Calendar

Period DDDIX Return Category Return Low Category Return High Rank in Category (%)
2025 -1.5% -30.5% 23.6% 56.80%
2024 -3.0% -9.8% 27.4% 96.07%
2023 6.3% -12.9% 28.8% 86.02%
2022 -24.5% -52.6% 3.0% 82.21%
2021 9.3% -43.8% 32.4% 60.68%

Total Return Ranking - Trailing

Period DDDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.3% -22.2% 42.3% 1.51%
1 Yr 44.6% -15.2% 81.7% 1.81%
3 Yr 13.9%* 4.2% 36.0% 65.86%
5 Yr 4.0%* -5.2% 17.7% 89.81%
10 Yr 10.3%* 5.2% 17.0% 45.38%

* Annualized

Total Return Ranking - Calendar

Period DDDIX Return Category Return Low Category Return High Rank in Category (%)
2025 3.1% -5.5% 30.3% 83.69%
2024 1.7% -7.0% 34.8% 98.49%
2023 10.8% 1.8% 31.3% 90.27%
2022 -17.5% -45.7% 4.4% 76.38%
2021 19.6% -30.2% 52.8% 84.52%

NAV & Total Return History

DDDIX - Holdings

Concentration Analysis

DDDIX Category Low Category High DDDIX % Rank
Net Assets 100 M 728 K 214 B 84.29%
Number of Holdings 24 1 2748 97.28%
Net Assets in Top 10 59.4 M 1.42 M 17.9 B 65.56%
Weighting of Top 10 64.54% 4.7% 100.0% 3.33%

Top 10 Holdings

  1. TWILIO INC - A 8.30%
  2. VIASAT INC 8.19%
  3. FRST AM-GV OB-X 8.18%
  4. ACADIA HEALTHCAR 7.47%
  5. PEARSON PLC-ADR 6.54%
  6. AUTOLIV INC 6.38%
  7. LONDON STOCK EX 4.99%
  8. EBARA CORP 4.88%
  9. CHARLES RIVER LA 4.83%
  10. MERCURY SYSTEMS 4.79%

Asset Allocation

Weighting Return Low Return High DDDIX % Rank
Stocks 		91.86% 5.44% 100.09% 96.98%
Cash 		8.31% 0.00% 20.13% 2.72%
Preferred Stocks 		0.00% 0.00% 5.95% 74.02%
Convertible Bonds 		0.00% 0.00% 1.78% 74.62%
Bonds 		0.00% 0.00% 72.34% 75.53%
Other 		-0.16% -0.37% 16.45% 97.58%

Stock Sector Breakdown

Weighting Return Low Return High DDDIX % Rank
Healthcare 		18.19% 0.00% 24.06% 4.55%
Technology 		16.01% 0.00% 40.65% 45.45%
Industrials 		14.53% 0.00% 45.89% 66.06%
Consumer Defense 		13.40% 0.00% 32.18% 3.33%
Consumer Cyclical 		12.83% 2.49% 46.48% 53.33%
Financial Services 		8.97% 0.00% 31.51% 95.15%
Basic Materials 		8.72% 0.00% 16.35% 6.67%
Real Estate 		4.46% 0.00% 25.82% 75.76%
Communication Services 		2.88% 0.00% 30.98% 43.64%
Utilities 		0.00% 0.00% 18.97% 94.24%
Energy 		0.00% 0.00% 34.66% 95.45%

Stock Geographic Breakdown

Weighting Return Low Return High DDDIX % Rank
US 		75.03% 5.44% 100.09% 99.70%
Non US 		16.83% 0.00% 16.83% 0.91%

DDDIX - Expenses

Operational Fees

DDDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.51% 0.02% 6.24% 17.07%
Management Fee 1.50% 0.00% 1.50% 100.00%
12b-1 Fee 0.00% 0.00% 1.00% 17.88%
Administrative Fee N/A 0.01% 0.30% 66.30%

Sales Fees

DDDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DDDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 26.23%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DDDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 0.00% 304.00% 68.71%

DDDIX - Distributions

Dividend Yield Analysis

DDDIX Category Low Category High DDDIX % Rank
Dividend Yield 0.00% 0.00% 29.78% 97.28%

Dividend Distribution Analysis

DDDIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

DDDIX Category Low Category High DDDIX % Rank
Net Income Ratio -0.64% -2.06% 3.38% 93.33%

Capital Gain Distribution Analysis

DDDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

DDDIX - Fund Manager Analysis

Managers

Ken Squire

Start Date

Tenure

Tenure Rank

Dec 28, 2011

10.43

10.4%

Ken Squire, Managing Director of 13D Management LLC, founded 13D Management in 2010. Mr. Squire is also the founder and principal of 13D Monitor/Activist Database.com, a research firm specializing in reporting to subscribers on 13D filings and shareholder activism. Prior to founding 13D Monitor/Activist Database.com in 2006, Mr. Squire was a private equity investor as a principal of LSC Investors and Crown Capital Group, where he worked on various investments in public and private companies, starting in 1997. Previously, Mr. Squire was an associate in the Corporate and Securities Department at Weil, Gotshal & Manges, LLP in their New York law office from 1992 to 1997. Mr. Squire holds a B.S. with a concentration in finance from New York University's Stern School and a J.D. from New York University School of Law where he was an editor of Law Review.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 32.69 7.46 5.78

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