Patty Quinn McAuley
Office: 215-569-2224
Cell: 267-632-1245

Clark Capital Announces New Leadership Structure as Fixed Income Business Continues to Grow

Philadelphia, PA, December 11, 2018 — Clark Capital Management Group, an independent asset manager founded in 1986, announced today the appointment of Steven Grant and Jonathan Fiebach as Co-Heads of Fixed Income.

The announcement comes as Clark Capital expects fixed income to be a continued driver of growth for the firm. “Over the years, we have become known for our expertise in fixed income and we are fortunate to have a seasoned team of fixed income portfolio managers,” said Sean Clark, CFA®, Chief Investment Officer. “Under the shared leadership and vision of Jon and Steve, we will be able to expand our fixed income offerings to meet the increased demand we’re seeing in the asset class.”

Steve and Jon will report to Sean Clark and will oversee a fixed income team of ten investment professionals, who share an average of 24 years of industry experience. As of October 31, 2018, Clark Capital manages over $8 billion in fixed income assets across its various SMA, UMA and mutual fund offerings.

Steve Grant has been with Clark Capital since 1996, holding various leadership roles during his tenure, including Portfolio Manager of the Navigator® Tax-Free Fixed Income strategy and Chief Financial Officer. Steve’s appointment to Co-Head of Fixed Income will leverage his 40 plus years of fixed income experience including a focus on innovative product development. Steve is a member of the Firm’s Executive Team and holds the CFP® designation.

Jon Fiebach, who has been with the Firm since 2016, has over 30 years of experience as a fixed income trader and portfolio management leader in the institutional bond industry. In addition to his new role, Jon will also remain lead portfolio manager of the Navigator® Tactical Fixed Income Fund (NTBIX), which manages over $3.6 billion in assets as of October 31, 2018. The Fund has a five-star Morningstar I-Share rating and was also awarded a 2018 Lipper Fund Award for the Best 3 Year Fund in the Alternative Credit Focus category. The Fund’s Morningstar rating is based on 3-year risk-adjusted returns among 281 Non-Traditional Fixed Income Funds as of September 30, 2018.

“In today’s uncertain interest rate environment, we’re continuously looking for new opportunities to help advisors address the ever-changing needs of investors,” said Brendan Clark, CFA®, Chief Executive Officer. “We are excited to have Jon and Steve leading the firm in developing innovative fixed income products that we believe will help us deliver successful outcomes to our clients.”

About Clark Capital Management Group

Clark Capital Management Group is an independent asset management firm providing institutional quality investment strategies to individual investors, corporations, foundations, and retirement plans. The Firm was founded in 1986 by Harry Clark, Executive Chairman, and has been entrusted with over $13.6 billion* in assets.

Our investment philosophy is driven by a single-minded focus: to add value for our collective clients. This focus enables us to seek superior risk-adjusted returns over full market cycles through a disciplined process focused on three principles: meaningful diversification, opportunistic asset allocation, and personalized risk management. It compels us to maintain a long-term perspective and provide innovative investment management strategies that enable advisors to deliver investment success to their clients. Portfolio Managers utilize both a relative strength, top down methodology and a fundamental, bottom-up methodology across fixed income, equity, alternative, and diversified asset allocation strategies.

For more information, visit and follow @ClarkCapital on Twitter.


*As of October 31, 2018; includes assets under management and sub-advised assets

Clark Capital Management Group, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Clark Capital’s investment advisory services can be found in its Form ADV Part 2, which is available upon request.

Past performance is not indicative of future results. The ranking shown above is not indicative of future performance and may not be representative of any one client’s experience because it reflects an average of, or a sample of all, the experiences of the adviser’s clients.

The Thomson Reuters Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

©2018 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.

Morningstar Rating is for the I share class only; other classes may have different performance characteristics.

Past performance does not guarantee future returns. Investors should carefully consider the investment objectives, risks, charges and expenses of the Navigator Funds. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 1-800-766-2264. The prospectus should be read carefully before investing. The Navigator®  Funds are distributed by Northern Lights Distributors, LLC member FINRA/SIPC. Clark Capital Management Group and Northern Lights Distributors LLC are not affiliated entities.