# EDGAR Filing Document

**Accession Number:** 0000924628
**File Stem:** 0000910472-26-005979
**Filing Date:** 2026-4
**Character Count:** 37765
**Document Hash:** 7877f2de13866520ac1ca315ba511a6f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-005979.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0000910472-26-005979

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**PERIOD START**: 20260831

**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:** 26905065

**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

### Small Capitalization Portfolio (Series ID: S000010891)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000030179 | Small Capitalization Portfolio Class A | SSCYX           |
| C000030180 | Small Capitalization Portfolio Class I | SSCPX           |
| C000030182 | Small Capitalization Portfolio Class C | SSCCX           |

## 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 Small Capitalization Portfolio

- **b. EDGAR series identifier (if any):** S000010891

- **c. LEI of Series:** 549300JKQO6E12ZU8065

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $7095271.31

**Total Liabilities:** $44364.33

**Net Assets:** $7050906.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030179 | -2.06%               | 5.86%                | 0.84%                |
| Class ID C000030180 | -2.12%               | 5.99%                | 0.83%                |
| Class ID C000030182 | -3.66%               | 8.82%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-10703.87               | $-115323.69                                |
| Month 2  | $0.00                    | $372928.56                                 |
| Month 3  | $221111.64               | $-167270.13                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Qualys Inc                                   | QUALYS INC                         | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |       376 | NS      | $34768.72     | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| TTM Technologies Inc                         | TTM TECHNOLOGIES                   | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |       395 | NS      | $41174.80     | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Home Bancorp Inc.                            | HOME BANCORP INC                   | CUSIP: 43689E107<br>LEI: 5493008ATL42O3U2YM84 | Long             | EC               | CORP              | US        |       714 | NS      | $42197.40     | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Q2 Holdings Inc                              | Q2 HOLDINGS INC                    | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |       508 | NS      | $24444.96     | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Simply Good Foods Company                    | SIMPLY GOOD FOOD                   | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2651 | NS      | $45226.06     | 0.64%             |  |  |  | No            | 1                  | On Loan: —       |
| Dreyfus Instl Resv                           | DREYFUS-INS-IS                     | CUSIP: 26200X100<br>LEI: 549300FG0OZ5YKPLK622 | Long             | STIV             | RF                | US        |    255306 | PA      | $255305.50    | 3.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Astronics Corp.                              | ASTRONICS CORP                     | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |       978 | NS      | $78846.36     | 1.12%             |  |  |  | No            | 1                  | On Loan: No      |
| InterDigital, Inc.                           | INTERDIGITAL INC                   | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |       207 | NS      | $75871.71     | 1.08%             |  |  |  | No            | 1                  | On Loan: —       |
| Emcor Group Inc                              | EMCOR GROUP INC                    | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       169 | NS      | $122460.78    | 1.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Omnicell Inc                                 | OMNICELL INC                       | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |      1166 | NS      | $47922.60     | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Peloton Interactive Inc                      | PELOTON INTERA-A                   | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               | CORP              | US        |      2219 | NS      | $8920.38      | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Coursera Inc                                 | COURSERA                           | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |      2689 | NS      | $17236.49     | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Newmark Group Inc                            | NEWMARK GROUP-A                    | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4437 | NS      | $64425.24     | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| United Fire Group Inc                        | UNITED FIRE GROU                   | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2143 | NS      | $83276.98     | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Veracyte Inc                                 | VERACYTE INC                       | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |      1485 | NS      | $54336.15     | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Remitly Global Inc.                          | REMIT GLOBAL INC                   | CUSIP: 75960P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5171 | NS      | $86355.70     | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| MYR Grp Inc                                  | MYR GROUP INC/DE                   | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |       150 | NS      | $40494.00     | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Credo Technology Group Holding Ltd           | CREDO TECHNOLOGY                   | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |       846 | NS      | $94980.42     | 1.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Primoris Services Corp.                      | PRIMORIS SERVICE                   | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |       752 | NS      | $113341.44    | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Photronics Inc.                              | PHOTRONICS INC                     | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |       771 | NS      | $28858.53     | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Central Garden & Pet Company                 | CENTRAL GARDEN-A                   | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |      3084 | NS      | $106521.36    | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Interface, Inc.                              | INTERFACE INC                      | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |      1579 | NS      | $49722.71     | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Simmons First National Corp                  | SIMMONS FIRST -A                   | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |      4531 | NS      | $90212.21     | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Collegium Pharmaceutical Inc.                | COLLEGIUM PHARMA                   | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |       790 | NS      | $32919.30     | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Arvinas Inc                                  | ARVINAS INC                        | CUSIP: 04335A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4701 | NS      | $62382.27     | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Energy Industries, Inc.             | ADV ENERGY INDS                    | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |       414 | NS      | $138925.98    | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| SPX Technologies, Inc.                       | SPX TECHNOLOGIES                   | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       282 | NS      | $63997.08     | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Allient Inc                                  | ALLIENT INC                        | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |      1955 | NS      | $128717.20    | 1.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Seacoast Banking Corporation Of Florida      | SEACOAST BANK/FL                   | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |      1354 | NS      | $42136.48     | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Metropolitan Bank Holding Corp               | METROPOLITAN BAN                   | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       376 | NS      | $31640.40     | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Kohl's Corp.                                 | KOHLS CORP                         | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |      2068 | NS      | $33853.16     | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Hecla Mining Company                         | HECLA MINING CO                    | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |      4625 | NS      | $115208.75    | 1.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Kratos Defense & Security Solutions, Inc.    | KRATOS DEFENSE &                   | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |       602 | NS      | $51880.36     | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Lending Club Corporation                     | LENDINGCLUB CORP                   | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Long             | EC               | CORP              | US        |      2670 | NS      | $39809.70     | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| United Natural Foods, Inc.                   | UNITED NATURAL                     | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |      1918 | NS      | $73286.78     | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Brinker International, Inc.                  | BRINKER INTL                       | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |       414 | NS      | $61354.80     | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Allegiant Travel Company                     | ALLEGIANT TRAVEL                   | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |       301 | NS      | $30747.15     | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Rogers Corp                                  | ROGERS CORP                        | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |       376 | NS      | $40544.08     | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Mannkind Corporation                         | MANNKIND CORP                      | CUSIP: 56400P706<br>LEI: 213800GFBCNY1ZFST722 | Long             | EC               | CORP              | US        |      4588 | NS      | $15048.64     | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Sunrun Inc.                                  | SUNRUN INC                         | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |      3422 | NS      | $45341.50     | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Home BancShares Inc.                         | HOME BANCSHARES                    | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3140 | NS      | $86224.40     | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Commvault Systems Inc.                       | COMMVAULT SYSTEM                   | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |       903 | NS      | $76827.24     | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| FIGS Inc                                     | FIGS INC-CLASS A                   | CUSIP: 30260D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3121 | NS      | $48219.45     | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Acadian Asset Management Inc                 | ACADIAN ASSET MA                   | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |      1241 | NS      | $66840.26     | 0.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Hilltop Holdings Inc                         | HILLTOP HOLDINGS                   | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |      2708 | NS      | $101360.44    | 1.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Invesco Mortgage Capital Inc.                | INVESCO MORTGAGE                   | CUSIP: 46131B704<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EC               | CORP              | US        |      6506 | NS      | $54845.58     | 0.78%             |  |  |  | No            | 1                  | On Loan: —       |
| Riot Platforms Inc                           | RIOT PLATFORMS I                   | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |      2802 | NS      | $45644.58     | 0.65%             |  |  |  | No            | 1                  | On Loan: —       |
| Kulicke and Soffa Industries, Inc.           | KULICKE & SOFFA                    | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |      1937 | NS      | $135047.64    | 1.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Alkermes PLC                                 | ALKERMES PLC                       | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      2407 | NS      | $72450.70     | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Skillsoft Corp                               | SKILLSOFT CORP                     | CUSIP: 83066P309<br>LEI: 213800IN3X8SP8HFLL39 | Long             | EC               | CORP              | US        |      4907 | NS      | $20560.33     | 0.29%             |  |  |  | No            | 1                  | On Loan: —       |
| Formfactor Inc                               | FORMFACTOR INC                     | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |       338 | NS      | $33421.44     | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| NWPX Infrastructure Inc.                     | NWPX INFRASTRUCT                   | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |      1015 | NS      | $78764.00     | 1.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Maximus Inc                                  | MAXIMUS INC                        | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |      1091 | NS      | $82490.51     | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Sonos Inc                                    | SONOS INC                          | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |      3403 | NS      | $52406.20     | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Tarsus Pharmaceuticals Inc                   | TARSUS PHARMACEU                   | CUSIP: 87650L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       959 | NS      | $72423.68     | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Proto Labs Inc                               | PROTO LABS INC                     | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |      1015 | NS      | $63011.20     | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| City Holding Co                              | CITY HOLDING CO                    | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       658 | NS      | $78940.26     | 1.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Pediatrix Medical Group Inc                  | PEDIATRIX MEDICA                   | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2463 | NS      | $48890.55     | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Pagerduty Inc                                | PAGERDUTY INC                      | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |      3572 | NS      | $25218.32     | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Nextpower Inc.                               | NEXTPOWER INC-A                    | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1072 | NS      | $112667.20    | 1.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Redwood Trust Inc                            | REDWOOD TRUST                      | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |     11921 | NS      | $72122.05     | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Builders Firstsource, Inc.                   | BUILDERS FIRSTSO                   | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |         1 | NS      | $104.29       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Biolife Solutions Inc.                       | BIOLIFE SOLUTION                   | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |      1955 | NS      | $47311.00     | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| SmartFinancial Inc.                          | SMARTFINANCIAL I                   | CUSIP: 83190L208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1843 | NS      | $72264.03     | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Phibro Animal Health Corporation             | PHIBRO ANIMAL-A                    | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |      2031 | NS      | $110872.29    | 1.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Carpenter Technology Corporation             | CARPENTER TECH                     | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |       263 | NS      | $104692.41    | 1.48%             |  |  |  | No            | 1                  | On Loan: No      |
| StoneX Group Inc                             | STONEX GROUP INC                   | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |       639 | NS      | $81472.50     | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Comfort Systems USA Inc.                     | COMFORT SYSTEMS                    | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |        94 | NS      | $134360.78    | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Resideo Technologies Inc                     | RESIDEO TECHN                      | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |      1767 | NS      | $68382.90     | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Watts Water Technologies Inc.                | WATTS WATER TE-A                   | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |       414 | NS      | $136098.36    | 1.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Freshworks Inc                               | FRESHWORKS-CL A                    | CUSIP: 358054104<br>LEI: 254900ULRGCUEIK0K191 | Long             | EC               | CORP              | US        |      6844 | NS      | $53520.08     | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Texas Capital Bancshares, Inc.               | TEXAS CAPITAL BA                   | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      1147 | NS      | $109309.10    | 1.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Bread Financial Holdings Inc                 | BREAD FINANCIAL                    | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |       884 | NS      | $62640.24     | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| BancFirst Corp.                              | BANCFIRST CORP                     | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |       733 | NS      | $80630.00     | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Nicolet Bankshares Inc.                      | NICOLET BANKSHAR                   | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       395 | NS      | $60340.20     | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Alarm.com Holdings Inc.                      | ALARM.COM HOLDIN                   | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |      1091 | NS      | $52204.35     | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Powell Industries Inc.                       | POWELL INDS INC                    | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |       150 | NS      | $78540.00     | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Fabrinet                                     | FABRINET                           | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |       226 | NS      | $123312.38    | 1.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Mirum Pharmaceuticals Inc.                   | MIRUM PHARMACEUT                   | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |       903 | NS      | $83337.87     | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Customers Bancorp, Inc.                      | CUSTOMERS BANCOR                   | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |       545 | NS      | $36754.80     | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Moelis & Co.                                 | MOELIS & CO-CL A                   | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |       884 | NS      | $52474.24     | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Lendingtree Inc                              | LENDINGTREE INC                    | CUSIP: 52603B107<br>LEI: 549300ISY5YHUJZTON08 | Long             | EC               | CORP              | US        |       865 | NS      | $32325.05     | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Byline Bancorp Inc                           | BYLINE BANCORP I                   | CUSIP: 124411109<br>LEI: 549300W7ODP4YL2H4823 | Long             | EC               | CORP              | US        |      3046 | NS      | $95035.20     | 1.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Constellium SE                               | CONSTELLIUM SE                     | CUSIP: F21107101<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |      2275 | NS      | $56624.75     | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| EchoStar Corp.                               | ECHOSTAR CORP-A                    | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |       470 | NS      | $54299.10     | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Appian Corporation                           | APPIAN CORP-A                      | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Long             | EC               | CORP              | US        |       602 | NS      | $16055.34     | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Everquote Inc                                | EVERQUOTE INC-A                    | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1542 | NS      | $24363.60     | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Atmus Filtration Technologies Inc.           | ATMUS FILTRATION                   | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1297 | NS      | $83695.41     | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Independent Bank Corp.                       | INDEP BANK/MA                      | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |      1523 | NS      | $118900.61    | 1.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackbaud Inc                                | BLACKBAUD INC                      | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |       583 | NS      | $28298.82     | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| DNOW Inc.                                    | DNOW INC                           | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |      3121 | NS      | $36765.38     | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Sanmina Corp                                 | SANMINA CORP                       | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |       132 | NS      | $20494.32     | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Bloom Energy Corporation                     | BLOOM ENERGY C-A                   | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |       564 | NS      | $87797.88     | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Southern First Bancshares Inc.               | SOUTHERN FIRST                     | CUSIP: 842873101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1561 | NS      | $87166.24     | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Quad/Graphics Inc.                           | QUAD GRAPHICS IN                   | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |      5265 | NS      | $36381.15     | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Krystal Biotech Inc                          | KRYSTAL BIOTECH                    | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |       489 | NS      | $134787.96    | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Coeur Mining Inc                             | COEUR MINING INC                   | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |      4231 | NS      | $114871.65    | 1.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Sterling Infrastructure Inc                  | STERLING INFRAST                   | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |       226 | NS      | $96757.38     | 1.37%             |  |  |  | No            | 1                  | On Loan: —       |
| Park National Corp                           | PARK NATL CORP                     | CUSIP: 700658107<br>LEI: 984500Q3E941TDF87712 | Long             | EC               | CORP              | US        |       489 | NS      | $80455.17     | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Postal Realty Trust Inc                      | POSTAL REALTY-A                    | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               | CORP              | US        |      5434 | NS      | $112646.82    | 1.60%             |  |  |  | No            | 1                  | On Loan: —       |
| Vestis Corp.                                 | VESTIS CORP                        | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |     17430 | NS      | $137174.10    | 1.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Archrock Inc                                 | ARCHROCK INC                       | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |      1185 | NS      | $41866.05     | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT | DREYFUS TREASURY OBLIGATIONS #0521 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

**Name of Applicant:** SARATOGA ADVANTAGE TRUST

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Assistant Treasurer