# EDGAR Filing Document

**Accession Number:** 0000924628
**File Stem:** 0000910472-25-002618
**Filing Date:** 2025-10
**Character Count:** 4602
**Document Hash:** df8590e8765744c30c568760c693d061
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002618.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002618

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SARATOGA ADVANTAGE TRUST
- **CENTRAL INDEX KEY:** 0000924628

**ORGANIZATION NAME:**
- **EIN:** 137044280
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08542
- **FILM NUMBER:** 251429447

**BUSINESS ADDRESS:**
- **STREET 1:** 1616 N LITCHFIELD RD.
- **STREET 2:** SUITE 165
- **CITY:** GOODYEAR
- **STATE:** AZ
- **ZIP:** 85395
- **BUSINESS PHONE:** 623-266-4567

**MAIL ADDRESS:**
- **STREET 1:** 1616 N LITCHFIELD RD.
- **STREET 2:** SUITE 165
- **CITY:** GOODYEAR
- **STATE:** AZ
- **ZIP:** 85395

## Series and Classes Contracts Data

### Municipal Bond Portfolio (Series ID: S000010888)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000030167 | Municipal Bond Portfolio Class A | SMBAX           |
| C000030168 | Municipal Bond Portfolio Class I | SMBPX           |
| C000030170 | Municipal Bond Portfolio Class C | SMBCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SARATOGA ADVANTAGE TRUST

- **b. Investment Company Act file number:** 811-08542

- **c. CIK number of Registrant:** 0000924628

- **d. LEI of Registrant:** 549300ELDSPPW4ZGNR88

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

  - **Street Address 1:** 12725 W. Indian School Road

  - **City:** AVONDALE

  - **State:** AZ

  - **Foreign country:** US

  - **Zip / Postal Code:** 85392

  - **Telephone number:** 623-266-4567

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

- **a. Name of Series:** Saratoga Municipal Bond Portfolio

- **b. EDGAR series identifier (if any):** S000010888

- **c. LEI of Series:** 549300JU0M53CFGNX452

**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:** $305173.75

**Total Liabilities:** $38017.61

**Net Assets:** $267156.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030167 | 0.59%                | -0.12%               | 0.70%                |
| Class ID C000030168 | 0.69%                | -0.23%               | 0.80%                |
| Class ID C000030170 | 0.59%                | -0.24%               | 0.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1623.94                                   |
| Month 2  | $0.00                    | $-814.25                                   |
| Month 3  | $-119.61                 | $1747.40                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                           | BNY CASH RESERVE | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |     17893 | PA      | $17893.26     | 6.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Municipal Bond Funds | VANG-I/T TAX-ADM | CUSIP: 922907878<br>LEI: 5493005YO1ELB2VD2X90 | Long             | EC               | RF                | US        |     19892 | NS      | $267948.98    | 100.30%           |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** SARATOGA ADVANTAGE TRUST

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Assistant Treasurer