JFOSX — James Alpha Family Office Portfolio
Data updated: 2021-04-28
JFOSX — James Alpha Family Office Portfolio. Money Market · $4.47M AUM · 1.56% expense ratio · 22.9% 1-yr return. Holdings, fees, performance and SEC filings.
JFOSX Fund Overview
JFOSX — James Alpha Family Office 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: $4.47M
- 1-year return: 22.9%
- Ticker: JFOSX
- SEC CIK: 0000924628
- SEC series ID: S000049849
- Share class ID: C000188365
JFOSX Investment Objective and Strategy
James Alpha Family Office 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 total return through capital appreciation and/or income, consistent with a reasonable level of risk, as determined by the Manager.
Principal investment strategy
Under normal market conditions, the Portfolio 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 Manager 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio expects to achieve exposure to commodities primarily through investments in ETFs. The Portfolio (or the underlying funds) may invest in investments issued by companies of any size, including small and mid-sized companies. The Portfolio (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 Portfolio 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 Portfolio, the Manager 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 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 ETNs, CLNs and commodity futures and swaps. 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%, although the Manager does not currently anticipate that such exposure would exceed 25% of the Portfolios 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 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 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 and it will also own 100% of any security that the Subsidiary may issue.
JFOSX Performance
Total returns for JFOSX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 22.9% |
JFOSX Risk Information
Risk metrics for JFOSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.9%
JFOSX Costs and Fees
JFOSX costs about $156 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.56%
- Gross expense ratio: 3.10%
- Portfolio turnover: 86%
- Brokerage commissions: 3.25 bps of average net assets (SEC N-CEN)
JFOSX Cashflows
Over the 12 months to 2021-02, James Alpha Family Office Portfolio had net inflows of $5.71M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-02 | $147.33K |
| 2021-01 | $1.80M |
| 2020-12 | $197.97K |
| 2020-11 | $149.49K |
| 2020-10 | $721.34K |
| 2020-09 | $440.40K |
JFOSX Debt Constituents
No individual debt constituents are reported in James Alpha Family Office Portfolio's latest SEC N-PORT filing.
JFOSX Prospectus and SEC Filings
Official James Alpha Family Office 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:
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.