# EDGAR Filing Document

**Accession Number:** 0001045487
**File Stem:** 0001580642-23-001038
**Filing Date:** 2023-2
**Character Count:** 4548
**Document Hash:** 2d053d145ef37a8f41571919ad528148
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-23-001038.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001580642-23-001038

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**EFFECTIVENESS DATE**: 20230227

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JAMES ADVANTAGE FUNDS
- **CENTRAL INDEX KEY:** 0001045487
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-37277
- **FILM NUMBER:** 23671496

**BUSINESS ADDRESS:**
- **STREET 1:** 1349 FAIRGROUND RD
- **CITY:** BEAVERCREEK
- **STATE:** OH
- **ZIP:** 45385
- **BUSINESS PHONE:** 9374267640

**MAIL ADDRESS:**
- **STREET 1:** 1349 FAIRGROUND RD
- **CITY:** BEAVERCREEK
- **STATE:** OH
- **ZIP:** 45385

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JAMES FUNDS
- **DATE OF NAME CHANGE:** 19970904

## Series and Classes Contracts Data

### James Balanced: Golden Rainbow Fund (Series ID: S000003560)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Retail Class        | GLRBX         | C000009900 |
| Institutional Class | GLRIX         | C000075008 |

---

### James Small Cap Fund (Series ID: S000003563)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| James Small Cap Fund | JASCX         | C000009903 |

---

### JAMES MICRO CAP FUND (Series ID: S000029269)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| JAMES MICRO CAP FUND | JMCRX         | C000090023 |

---

### James Aggressive Allocation Fund (Series ID: S000049901)

---

|  |  |  |
|:---|:---|:---|
| Class Name                       | Ticker Symbol | Class ID   |
| James Aggressive Allocation Fund | JAVAX         | C000157576 |

---

## Series and Classes Contracts Data

### James Balanced: Golden Rainbow Fund (Series ID: S000003560)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000009900 | Retail Class        | GLRBX           |
| C000075008 | Institutional Class | GLRIX           |

### James Small Cap Fund (Series ID: S000003563)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000009903 | James Small Cap Fund | JASCX           |

### JAMES MICRO CAP FUND (Series ID: S000029269)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000090023 | JAMES MICRO CAP FUND | JMCRX           |

### James Aggressive Allocation Fund (Series ID: S000049901)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000157576 | James Aggressive Allocation Fund | JAVAX           |

**The James Advantage Funds**

(the "Trust")

**James Balanced: Golden Rainbow Fund**

**James Small Cap Fund**

**James Micro Cap Fund**

**James Aggressive Allocation Fund**

(collectively, the "Funds")

Supplement dated February 27, 2023 to the

Statement of Additional Information (the "SAI"), dated November 1, 2022, as amended

On February 15, 2023, the Board of Trustees of the Trust approved the appointment of Bernard J. Brick as an Assistant Secretary of the Trust, effective on that date. Accordingly, the SAI is revised as follows:

*The following information is added to the Officers table in the section entitled "TRUSTEES AND OFFICERS"<br> on pages 21 - 22 of the SAI:*

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Name/Address/Age** | &nbsp;&nbsp;**Positions Held With Fund/Date Service Began** | &nbsp;&nbsp;**Principal Occupation by Officer** |
| &nbsp;&nbsp; Bernard J. Brick<br> c/o Ultimus Fund Solutions, LLC<br> 225 Pictoria Drive, Suite 450<br> Cincinnati, OH 45246<br> Year of Birth: 1974 | &nbsp;&nbsp;Assistant Secretary since 2023 | &nbsp;&nbsp;Vice President and Senior Counsel (2022 – Present), Ultimus Fund Solutions, LLC; Vice President and Senior Counsel, State Street Bank and Trust Company (2011 - 2022). |

---

\*\*\*\*

**THIS SUPPLEMENT PROVIDES RELEVANT INFORMATION FOR ALL SHAREHOLDERS AND PROSPECTIVE INVESTORS AND SHOULD BE RETAINED FOR FUTURE REFERENCE.**

The Funds' SAI has been filed with the U.S. Securities and Exchange Commission and is incorporated herein by reference. For a free paper or electronic copy of the Funds' SAI, including any supplements thereto, and other information, go to www.jamesinvestment.com, call 1-800-99-JAMES (1-800-995-2637) or ask any financial intermediary who offers shares of the Funds.