# EDGAR Filing Document

**Accession Number:** 0001829774
**File Stem:** 0001580642-25-005643
**Filing Date:** 2025-8
**Character Count:** 3972
**Document Hash:** db034ea47961f883925631c01aba61fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-005643.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001580642-25-005643

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-249652
- **FILM NUMBER:** 251281526

**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 Snow Long/Short Opportunity Fund (Series ID: S000073424)

---

|  |  |
|:---|:---|
| Class Name                                         | Class ID   |
| Easterly Snow Long/Short Opportunity Fund Class C  | C000230311 |
| Easterly Snow Long/Short Opportunity Fund Class I  | C000230312 |
| Easterly Snow Long/Short Opportunity Fund Class R6 | C000230313 |
| Easterly Snow Long/Short Opportunity Fund Class A  | C000230314 |

---

### Easterly Snow Small Cap Value Fund (Series ID: S000073425)

---

|  |  |
|:---|:---|
| Class Name                                  | Class ID   |
| Easterly Snow Small Cap Value Fund Class C  | C000230315 |
| Easterly Snow Small Cap Value Fund Class I  | C000230316 |
| Easterly Snow Small Cap Value Fund Class R6 | C000230317 |
| Easterly Snow Small Cap Value Fund Class A  | C000230318 |

---

## Series and Classes Contracts Data

### Easterly Snow Long/Short Opportunity Fund (Series ID: S000073424)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000230311 | Easterly Snow Long/Short Opportunity Fund Class C  |  |
| C000230312 | Easterly Snow Long/Short Opportunity Fund Class I  |  |
| C000230313 | Easterly Snow Long/Short Opportunity Fund Class R6 |  |
| C000230314 | Easterly Snow Long/Short Opportunity Fund Class A  |  |

### Easterly Snow Small Cap Value Fund (Series ID: S000073425)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000230315 | Easterly Snow Small Cap Value Fund Class C  |  |
| C000230316 | Easterly Snow Small Cap Value Fund Class I  |  |
| C000230317 | Easterly Snow Small Cap Value Fund Class R6 |  |
| C000230318 | Easterly Snow Small Cap Value Fund Class A  |  |

**James Alpha Funds Trust D/B/A EASTERLY FUNDS TRUST (the "TRUST")**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUND** | **Class A** | **Class C** | **Class I** | **Class R6** |
| Easterly Snow Small Cap Value Fund | &nbsp;&nbsp;SNWAX | &nbsp;&nbsp;SNWCX | &nbsp;&nbsp;SNWIX | &nbsp;&nbsp;SNWRX |
| Easterly Snow Long/Short Opportunity Fund | &nbsp;&nbsp;SNOAX | &nbsp;&nbsp;SNOCX | &nbsp;&nbsp;SNOIX | &nbsp;&nbsp;SNORX |

---

**Supplement dated August 29, 2025 to the Prospectus and Statement of Additional Information each dated July 1, 2025**

**This Supplement updates and supersedes any contrary information contained in the Prospectus and Statement of Additional Information.**

The Board of Trustees of the Trust, upon a recommendation from Easterly Investment Partners LLC, the Funds' investment adviser, has approved the following change effective August 31, 2025.

<u>Fiscal and Tax-Year End Change</u>

The fiscal and tax-year end of the Easterly Snow Small Cap Value Fund and Easterly Snow Long/Short Opportunity Fund will change from February 28 to August 31.

\*\*\*

***You should read this Supplement in conjunction with the Prospectus and Statement of Additional Information, each dated July 1, 2025. Please retain this Supplement for future reference.***