James Alpha Family Office Fund

C000224294 Fund Overview

James Alpha Family Office Fund is a US mutual fund managed by James Alpha Funds Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: James Alpha Funds Trust
• Category: Money Market
• Assets under management: $4.44M
• SEC CIK: 0001829774
• SEC series ID: S000070610
• Share class ID: C000224294

C000224294 Investment Objective and Strategy

James Alpha Family Office Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by James Alpha Funds Trust.

Investment objective

The Fund seeks total return through capital appreciation and/or income, consistent with a reasonable level of risk, as determined by James Alpha.

Principal investment strategy

Under normal market conditions, the Fund employs a multi-asset, multi-strategy investment program that seeks to replicate the asset allocation programs of successful family offices. In constructing the investment program, the Adviser utilizes asset allocation data of multiple family offices to construct a diversified portfolio across a broad range of assets classes and investment strategies. The asset classes in which the Fund may invest can include U.S. and non-U.S. common stocks, U.S. and non-U.S. corporate, government and agency bonds and other debt instruments, real estate and real estate - related assets, such as mortgage-backed securities, asset-backed securities, currencies and commodities (e.g., metals, agricultural, energy, livestock and ?soft? commodities such as coffee and sugar).

The weighting of each asset class will change over time and new asset classes may be introduced from time to time. The Fund may also invest in instruments that provide exposure to hedge fund strategies, such as low-volatility, directional and fund of funds strategies, and in instruments that provide exposure to private equity strategies, such as mezzanine debt and leveraged buyout strategies. The Fund expects to achieve exposure to the above mentioned asset classes primarily through exchange-traded funds (ETFs), mutual funds and closed-end funds (together, underlying funds) but has the ability to gain exposure through direct investment in stocks and bonds, unit investment trusts (UITs), private funds and other pooled investment vehicles, and through derivative instruments, such as futures, options, forwards or swaps.

The underlying funds may invest in a wide variety of instruments to implement their investment strategy, including derivative instruments. The Fund expects to achieve exposure to commodities primarily through investments in ETFs. The Fund (or the underlying funds) may invest in investments issued by companies of any size, including small and mid-sized companies. The Fund (or the underlying funds) may invest in fixed income instruments across the credit spectrum, from investment grade to high yield instruments (commonly known as ?junk bonds?) and may include municipal bonds. The Fund may also invest all or a significant portion of its assets in issuers located in non-U.S. countries, including issuers located in emerging market countries (i.e., those that are in the early stages of their industrial cycles).

In constructing the Fund, the Adviser utilizes a three-step process that includes: 1) analyzing the asset allocation data of multiple family offices to produce a target asset allocation weighting, 2) identifying investments or investment vehicles that provide exposure to the desired asset classes, and 3) making tactical adjustments to the target asset allocation weightings to take advantage of current market conditions. Asset allocation weightings will be reassessed quarterly but tactical adjustments may be made more frequently than quarterly. The Fund may invest up to 25% of its total assets in a wholly-owned and controlled Cayman Islands subsidiary (the ?Subsidiary?) to gain exposure to certain commodity-linked investments such as ETNs, CLNs and commodity futures and swaps. The Fund may hold investments with commodity exposure outside of the Subsidiary and, therefore it is possible the Fund?s exposure to commodities could exceed 25%, although the Adviser does not currently anticipate that such exposure would exceed 25% of the Fund?s total assets.

The Subsidiary may also hold cash, money market instruments, including money market funds and other fixed income instruments to serve as margin or collateral for the Subsidiary?s derivative positions. Investments in the Subsidiary are intended to provide the Fund with exposure to commodities markets within the limitations of the federal tax requirements that apply to the Fund. The investment policies of the Subsidiary are the same as the investment policies of this sleeve of the Fund. The Subsidiary is subject to substantially the same investment restrictions and limitations, including asset coverage requirements, as the Fund and will follow substantially the same compliance policies and procedures as the Fund, to the extent they are applicable. The Fund will always own 100% of the Subsidiary?s interests and it will also own 100% of any security that the Subsidiary may issue.

C000224294 Costs and Fees

C000224294 costs about $153 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.53%
• Gross expense ratio: 2.56%
• Portfolio turnover: 75%

C000224294 Cashflows

Over the 12 months to 2021-05, James Alpha Family Office Fund had net inflows of $1.37M, from monthly SEC N-PORT filings.

C000224294 Debt Constituents

No individual debt constituents are reported in James Alpha Family Office Fund's latest SEC N-PORT filing.

C000224294 Prospectus and SEC Filings

Official James Alpha Family Office Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-04-09
• Prospectus (485BPOS) — filed 2021-02-12
• Portfolio holdings (N-PORT) — filed 2021-07-16

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.