# EDGAR Filing Document

**Accession Number:** 0001829774
**File Stem:** 0001580642-25-005651
**Filing Date:** 2025-8
**Character Count:** 3053
**Document Hash:** 096905d8c7d222265f1e5838338e7339
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-005651.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001580642-25-005651

**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:** 251281866

**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 Income Opportunities Fund (Series ID: S000070607)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                  | Ticker Symbol | Class ID   |
| Easterly Income Opportunities Fund Class A  | JASVX         | C000224285 |
| Easterly Income Opportunities Fund Class C  | JSVCX         | C000224286 |
| Easterly Income Opportunities Fund Class R6 | JASSX         | C000224287 |
| Easterly Income Opportunities Fund Class I  | JSVIX         | C000224288 |

---

## Series and Classes Contracts Data

### Easterly Income Opportunities Fund (Series ID: S000070607)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000224285 | Easterly Income Opportunities Fund Class A  | JASVX           |
| C000224286 | Easterly Income Opportunities Fund Class C  | JSVCX           |
| C000224287 | Easterly Income Opportunities Fund Class R6 | JASSX           |
| C000224288 | Easterly Income Opportunities Fund Class I  | JSVIX           |

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUND** | **Class A** | **Class C** | **Class I** | **Class R6** |
| &nbsp;&nbsp;Easterly Income Opportunities Fund | &nbsp;&nbsp;JASVX | &nbsp;&nbsp;JSVCX | &nbsp;&nbsp;JSVIX | &nbsp;&nbsp;JASSX |

---

**Supplement dated August 29, 2025 to the Prospectus and Statement of Additional Information each dated April 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 Fund's 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 Income Opportunities Fund will change from November 30 to August 31.

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