# EDGAR Filing Document

**Accession Number:** 0001829774
**File Stem:** 0000910472-25-002897
**Filing Date:** 2025-10
**Character Count:** 9438
**Document Hash:** 0c08ab0b9ce54b6d29d7e21e4c4c9029
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002897.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0000910472-25-002897

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** James Alpha Funds Trust
- **CENTRAL INDEX KEY:** 0001829774

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23611
- **FILM NUMBER:** 251434498

**BUSINESS ADDRESS:**
- **STREET 1:** 515 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 888-814-8180

**MAIL ADDRESS:**
- **STREET 1:** 515 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

## Series and Classes Contracts Data

### Easterly RocMuni High Income Municipal Bond Fund (Series ID: S000084511)

| Class ID   | Class Name                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000248908 | Easterly RocMuni High Income Municipal Bond Fund - Investor Class |  |
| C000248909 | Easterly RocMuni High Income Municipal Bond Fund - Class I        |  |
| C000248910 | Easterly RocMuni High Income Municipal Bond Fund - Class A        |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** James Alpha Funds Trust

- **b. Investment Company Act file number:** 811-23611

- **c. CIK number of Registrant:** 0001829774

- **d. LEI of Registrant:** 5493007JDS1R5QEQGK05

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 515 Madison Ave

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022

  - **Telephone number:** 646-201-4042

**Item A.2. Information about the Series.**

- **a. Name of Series:** Easterly RocMuni High Income Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000084511

- **c. LEI of Series:** 2549002KA8CEO43T1P98

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $21830588.39

**Total Liabilities:** $7300219.18

**Net Assets:** $14530369.21

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 4.27675000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 3915.04858900

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.22390000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248908 | -54.34%              | 0.34%                | 0.00%                |
| Class ID C000248910 | -54.36%              | 0.34%                | 0.00%                |
| Class ID C000248909 | -54.39%              | 0.68%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-150346182.37           | $75841609.39                               |
| Month 2  | $4260021.40              | $-4270326.53                               |
| Month 3  | $4716934.07              | $-4716837.41                               |

### Schedule of Portfolio Investments

| Name                                     | Title                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sunland Medical Foundation               | SUNLMEDFDG 12 4/30/25  | CUSIP: 866973AD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8669836 | PA      | $411817.23    | 2.83%             | 2026-04-01      | Variable      | 12.00%                | No            |                  3 | On Loan: No      |
| CONNECTICUT ST HEALTH & EDL FACS AUTH    | CTSHGR 2.5 07/1/2042   | CUSIP: 20775DTU6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 3.44%             | 2042-07-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS                      | PUBEDU 7.5 06/1/2025   | CUSIP: 74442EJV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 6.88%             | 2025-09-25      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Convivial Corporate Funding 2022 III LLC | CONVCFDG 12 11/15/56   | CUSIP: 21258BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5025000 | PA      | $5025000.00   | 34.58%            | 2056-11-15      | Fixed         | 12.00%                | Yes           |                  3 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                  | NYSHSG 2.77 11/15/2036 | CUSIP: 64986MJ55<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 3.44%             | 2036-11-15      | Floating      | 2.77%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH              | CTSHSG 2.77 11/15/2050 | CUSIP: 20775HDU4<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 3.44%             | 2050-11-15      | Floating      | 2.77%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS SANTN DIST VA              | HMRUTL 2.75 08/1/2046  | CUSIP: 409327HZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 3.44%             | 2046-08-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| NEXT RENEWABLE FUELS SER A CONV PFD      | NEXT RENEW FUELS PFD   | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |         8 | NS      | $0.08         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| COLORADO SPRINGS COLO                    | CSPUTL 2.77 11/1/2036  | CUSIP: 196632BH5<br>LEI: 2549003N3PXBHQH2V448 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 3.44%             | 2036-11-01      | Floating      | 2.77%                 | No            |                  2 | On Loan: No      |
| BBH                                      | BBH SWEEP VEHICLE      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    732484 | PA      | $732483.60    | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS ST                                 | TXS 2.77 06/1/2046     | CUSIP: 882723YT0<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 3.44%             | 2046-06-01      | Floating      | 2.77%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR AGY FLA                       | CPTGEN 10 11/1/2020    | CUSIP: 14052WCZ8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   8700000 | PA      | $8265000.00   | 56.88%            | 2025-07-01      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS                      | PUBEDU 5.75 07/1/2062  | CUSIP: 74448GAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |       458 | PA      | $454.86       | 0.00%             | 2062-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LSC Estero Prime LN 2022A LLC            | LSCESTPR 12 04/30/25   | CUSIP: 54915DAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1250000.00   | 8.60%             | 2025-12-01      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-26

**Name of Applicant:** James Alpha Funds Trust

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Asst Treasurer