OVERVIEW OF NAVIGATOR ASSET MANAGEMENT Navigator Asset Management is an investment adviser established in 2019 to manage private hedge funds to which it, or an affiliate, serves as the sponsor. Navigator Asset Management is a wholly-owned subsidiary of Clark Capital Management Group, Inc. (“Clark Capital”), a SEC- registered investment adviser located in Philadelphia, Pennsylvania, with all significant owners currently employed by the firm in key management, operations, portfolio management and sales capacities. The controlling ownership of Clark Capital resides with Harry Clark, the Executive Chairman of Clark Capital. Clark Capital manages mutual funds, separate accounts on behalf of individual clients, and accounts on behalf of clients through third-party wrap fee programs. Clark Capital has been managing investor assets since 1986. ADVISORY SERVICES Navigator Asset Management serves as the investment adviser to certain pooled investment vehicles (each a “Fund” and collectively, “the Funds”), which rely on the Section 3(c)(1) exemption from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”). The Funds, which are organized as a master-feeder structure, are: Clark FITR US Fund LP, a Delaware limited partnership (“FITR Onshore Fund”); Clark FITR US Master Fund LP, a Cayman Islands exempted limited partnership (“FITR Master Fund”); and Clark FITR Fund (Cayman) Ltd., a Cayman Islands exempted company (“FITR Offshore Fund”). Navigator Asset Management’s investment objective is to seek total return. In seeking to achieve the investment objective, the Funds will invest, under normal market conditions, in a portfolio of fixed income and other income producing instruments and equity securities. Navigator Asset Management will use derivatives and similar instruments to gain exposure to such securities and instruments. Navigator Asset Management provides advisory services to the Funds pursuant to investment management agreements that it has entered into with each Fund. Navigator Asset Management has discretionary authority to manage the Funds’ assets, which includes determining the securities and instruments to be bought or sold for each Fund and the broker-dealer or counterparty to be used for the purchase or sale of securities and instruments. In addition, Navigator Asset Management’s services include, without limitation: identifying and screening potential investments; conducting diligence on the Funds’ investments; monitoring the performance of investments; and preparing reports necessary or appropriate for the Funds’ investors. Navigator Asset Management does not participate in wrap fee programs or advise any separate accounts. Navigator Asset Management’s management of the Funds is governed by each Fund’s offering memorandum, organizational documents and the investment management agreement between Navigator Asset Management and each Fund (collectively, the “Governing Documents”), as applicable. Navigator Asset Management does not

customize its investment advice based on the needs of any particular investor in the Fund. Investors in the Funds should refer to the Governing Documents for the Funds for additional information associated with their investment and the management, strategy and risks associated with each of the Funds. Subject to applicable law and the Funds’ Governing Documents, however, Navigator Asset Management may enter into side letters or other arrangements with specific Fund investors that may provide for terms of investment that are more favorable than the terms provided to other investors in the Funds. Such side letters or other writings may have the effect of establishing rights under, or altering or supplementing, the terms of such investors in the Funds, including with respect to waivers or reductions of the management fee and the incentive allocation (i.e., carried interest), access to information, more favorable transfer rights, and other similar rights and preferences. Any rights established, or any terms altered or supplemented, will govern only that Fund investor and not the Funds or all of its investors as a whole. Investors in the Funds should refer to the Governing Documents for the Funds for additional information associated with their investment and the management, strategy and risks associated with each of the Funds. TYPES OF INVESTMENTS Navigator Asset Management’s advisory services to the Funds generally include, but are not limited to, investment advice with respect to the following securities and instruments:
• Fixed income investments such as (i) securities or other income-producing instruments issued or guaranteed by the U.S. Government, its agencies, instrumentalities or sponsored corporations (including inflation-protected securities); (ii) short-term investments, such as commercial paper, repurchase agreements and money market funds; and (iii) other fixed- income investments including (but not limited to) municipal securities, corporate debt securities, mortgage and asset backed securities, foreign debt obligations (including emerging market debt securities), loans, collateralized debt obligations and other structured financial products, and high yield debt securities;
• Investments designed to provide exposure to one or more physical commodities or baskets of commodities;
• Investments designed to provide exposure to one or more indices;
• Futures contracts and options on futures contracts, interest rate swaps, total return swaps and credit derivatives (such as credit default swaps (“CDS”) and credit default swap indices (“CDX”)), put and call options, forward contracts, and exchange-traded and structured notes; and
• Equity securities, including shares of pooled investment vehicles (including, for example, open-end or closed-end investment companies and exchange-traded funds (“ETFs”). Navigator Asset Management’s advisory services are offered through a privately offered family of pooled investment vehicles as described below. As of 12/31/2022, the firm had $13,114,316 in total regulatory assets under management.