JAESX — James Alpha Event Driven Portfolio

JAESX Fund Overview

JAESX — James Alpha Event Driven Portfolio is a US mutual fund managed by Saratoga Advantage 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: Saratoga Advantage Trust
• Category: Money Market
• Assets under management: $4.31M
• 1-year return: 8.7%
• Ticker: JAESX
• SEC CIK: 0000924628
• SEC series ID: S000055317
• Share class ID: C000188368

JAESX Investment Objective and Strategy

James Alpha Event Driven Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Saratoga Advantage Trust.

Investment objective

The Portfolio seeks attractive long-term risk-adjusted returns relative to traditional financial market indices.

Principal investment strategy

The Portfolio seeks to achieve its investment objective by attempting to outperform the returns of a variety of event driven investment strategies. Event driven investment strategies seek to profit from investing in securities of companies on the basis that a specific event or catalyst will affect future pricing. For example, merger arbitrage strategies seek to capitalize on price discrepancies and returns generated by a corporate transaction. Event driven investment strategies may purchase the common stock of a company being acquired and short the common stock of the acquirer in expectation of profiting from the price differential as a result of or in expectation of the consummation of the merger. The Portfolio will seek to outperform the returns of various event driven investment strategies, such as, among others, activist strategies, credit arbitrage, distressed investing, restructuring strategies and merger arbitrage.

The Portfolio will seek to outperform the returns of event driven investment strategies by investing in a variety of asset classes, including currencies, global equities and global fixed income securities. The Portfolio expects to gain exposure to these asset classes primarily through exchange-traded products such as exchange-traded notes (ETNs), exchange-traded funds (ETFs) and mutual funds, although the Portfolio may invest directly in currencies, equities and fixed income securities. The Portfolio also expects to invest in derivative instruments to gain exposure to one or more asset classes, individual investments or investment strategies. The derivatives instruments that may be utilized by the Portfolio include options, futures, options on futures, forward contracts and swaps. Derivatives may also be used to generate leverage, seek to profit from the underlying assets price fluctuations, or hedge the Portfolios exposure to an asset class, individual investment or group of investments.

The Portfolios equity exposure may include exposure to both U.S. and non-U.S. common stocks and preferred stocks of any size market capitalization. The Portfolios fixed income exposure may include exposure to securities issued by governments, government-related entities or public and private companies. The Portfolio may seek exposure to fixed income instruments that are rated below investment grade (i.e., junk bonds), particularly in seeking to outperform the returns of certain private fund strategies such as distressed investing. The types of swaps in which the Portfolio may invest include, among others, total return, index, interest rate, and credit default swaps. The Portfolio may also invest in swaps having payments linked to the returns of indices, individual securities or pooled investment vehicles, including limited partnerships, limited liability companies, offshore corporations and commodity pools (collectively, Underlying Pools).

There is no limit on the Portfolios exposure to foreign companies, foreign governments or foreign currencies, which may include exposure to emerging markets. In constructing the Portfolios investments, the Manager employs proprietary techniques and models to evaluate the drivers of performance of private funds that utilize event driven strategies. The Manager then identifies investments that it believes have similar drivers of performance to attempt to produce returns that correlate with, but are not identical to, the returns of the private funds tracked by the Manager. The Manager then determines the appropriate percentage that each particular investment strategy should represent of the entire Portfolio and weights the exposure to that investment strategy accordingly. The private fund returns on which the Managers models are based are pulled from various sources and do not represent the returns of the entire private fund universe.

The private fund returns tracked by the Manager, the factors driving those returns and the percentage weightings assigned by the Manager to each investment strategy are all expected to change over time. Under normal market conditions, the Portfolio is expected to invest in a combination of over 50 ETFs, ETNs, currencies, swaps and other derivatives, and mutual funds. The Portfolio 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 commodity futures, options and swap contracts. The commodity investments will be focused in four sectors of the commodities market: energy, precious metals, industrial metals and agricultural/livestock. The Portfolio may hold investments with commodity exposure outside of the Subsidiary and, therefore it is possible the Portfolios exposure to commodities could exceed 25%.

The Subsidiary may also hold cash, money market instruments, including affiliated and unaffiliated money market funds and other fixed income instruments to serve as margin or collateral for the Subsidiarys derivative positions. Investments in the Subsidiary are intended to provide the Portfolio with exposure to commodities markets within the limitations of the federal tax requirements that apply to the Portfolio. The investment policies of the Subsidiary are the same as the investment policies of this sleeve of the Portfolio. The Subsidiary is subject to substantially the same investment restrictions and limitations, including asset coverage requirements, as are applicable to this sleeve of the Portfolio and will follow substantially the same compliance policies and procedures as the Portfolio, to the extent they are applicable.

The Portfolio will always own 100% of the Subsidiarys interests.

JAESX Performance

Total returns for JAESX (as of 2026-10-01), from SEC filings.

JAESX Risk Information

Risk metrics for JAESX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 20.8%

JAESX Costs and Fees

JAESX costs about $216 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.16%
• Gross expense ratio: 3.64%
• Portfolio turnover: 112%
• Brokerage commissions: 7.97 bps of average net assets (SEC N-CEN)

JAESX Cashflows

Over the 12 months to 2021-02, James Alpha Event Driven Portfolio had net inflows of $6.17M, from monthly SEC N-PORT filings.

JAESX Debt Constituents

No individual debt constituents are reported in James Alpha Event Driven Portfolio's latest SEC N-PORT filing.

JAESX Prospectus and SEC Filings

Official James Alpha Event Driven Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-04-20
• Prospectus (485BPOS) — filed 2019-04-18
• Prospectus supplement (497) — filed 2019-06-13
• Portfolio holdings (N-PORT) — filed 2021-04-28
• Portfolio holdings (N-PORT) — filed 2021-01-28
• Portfolio holdings (N-PORT) — filed 2020-10-30
• Annual census (N-CEN) — filed 2021-02-12
• Annual census (N-CEN) — filed 2020-02-13

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.