# EDGAR Filing Document

**Accession Number:** 0001829774
**File Stem:** 0000910472-25-002898
**Filing Date:** 2025-10
**Character Count:** 18385
**Document Hash:** 8ec2562d119ee80f58e7e751ed354a7e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002898.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0000910472-25-002898

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20250831

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23611
- **FILM NUMBER:** 251434499

**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 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  |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** James Alpha Funds Trust

- **b. Investment Company Act file number:** 811-23611

- **c. CIK number of Registrant:** 0001829774

- **d. LEI of Registrant:** 5493007JDS1R5QEQGK05

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

  - **Street Address 1:** 515 Madison Ave

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022

  - **Telephone number:** 646-201-4042

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

- **a. Name of Series:** Easterly Snow Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000073425

- **c. LEI of Series:** 549300IUIY6R0DB0YU35

**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:** $31575788.61

**Total Liabilities:** $88358.20

**Net Assets:** $31487430.41

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000230318 | 7.21%                | 3.56%                | 7.98%                |
| Class ID C000230315 | 7.15%                | 3.50%                | 7.92%                |
| Class ID C000230317 | 7.24%                | 3.58%                | 8.00%                |
| Class ID C000230316 | 7.24%                | 3.58%                | 8.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $182518.55               | $1665225.86                                |
| Month 2  | $522521.35               | $479506.65                                 |
| Month 3  | $31519.46                | $2225960.73                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Jackson Financial Inc                      | JACKSON FI-A        | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     13131 | NS      | $1297342.80   | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc.              | COLLEGIUM PHARMA    | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     16112 | NS      | $625145.60    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                | PROGYNY INC         | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6365 | NS      | $150659.55    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                  | WESCO INTL          | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      3299 | NS      | $725252.16    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corporation                  | CNX RESOURCES CO    | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |      5314 | NS      | $155168.80    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp.                            | WHIRLPOOL CORP      | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      8365 | NS      | $779199.75    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.                   | MODINE MFG CO       | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      3873 | NS      | $527231.49    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                     | LINCOLN NATL CRP    | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     32269 | NS      | $1385308.17   | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.                 | HIGHWOODS PROP      | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     28310 | NS      | $892614.30    | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc.               | COLUMBIA BANKING    | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44457 | NS      | $1190113.89   | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc.                      | ASTEC INDUSTRIES    | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     26819 | NS      | $1241451.51   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil And Gas, Inc.                 | NORTHERN OIL AND    | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     22392 | NS      | $585774.72    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                | OFG BANCORP         | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |      3813 | NS      | $170631.75    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc.                      | URBAN OUTFITTER     | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |      1962 | NS      | $131610.96    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc.             | AMER EAGLE OUTF     | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     66220 | NS      | $856886.80    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                           | HAEMONETICS CORP    | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |      4168 | NS      | $227322.72    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                     | ABERCROMBIE & FI    | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      7022 | NS      | $656767.66    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corporation                        | VISTEON CORP        | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      5248 | NS      | $650542.08    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                   | LYFT INC-A          | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     40384 | NS      | $655028.48    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrims Pride Corporation                 | PILGRIM'S PRIDE     | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |      3139 | NS      | $139528.55    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company                  | COMMERCIAL METAL    | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     19993 | NS      | $1152996.31   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| HudBay Minerals Inc                        | HUDBAY MINERALS INC | CUSIP: 443628102<br>LEI: 549300WI524AL577IX21 | Long             | EC               | CORP              | CA        |     54302 | NS      | $651624.00    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare, Inc.                    | MOLINA HEALTHCAR    | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      3433 | NS      | $620789.39    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH                                        | BBH SWEEP VEHICLE   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    918160 | PA      | $918159.83    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cross Country Healthcare Inc.              | CROSS COUNTRY HE    | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Long             | EC               | CORP              | US        |     18525 | NS      | $247864.50    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Carters Inc.                               | CARTER'S INC        | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |      5741 | NS      | $163962.96    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corporation                          | TEREX CORP          | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |      5657 | NS      | $282510.58    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin Brands Inc                         | BLOOMIN' BRANDS     | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |     67751 | NS      | $497969.85    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology, Inc.                     | AMKOR TECH INC      | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |      6221 | NS      | $150485.99    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| F N B Corp (Pennsylvania)                  | FNB CORP            | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |     59358 | NS      | $990685.02    | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Financial, Inc.                   | FLAGSTAR FINANCI    | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |     26460 | NS      | $339217.20    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Incorporated                      | COMERICA INC        | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |     15974 | NS      | $1127444.92   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanos Medical Inc                         | AVANOS MEDICAL I    | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |     17543 | NS      | $209463.42    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmode Limited                             | INMODE LTD          | CUSIP: M5425M103<br>LEI: 984500DD95A35E9BD358 | Long             | EC               | CORP              | IL        |     17793 | NS      | $265827.42    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp.                                  | FMC CORP            | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     23237 | NS      | $908566.70    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                  | CNO FINANCIAL GR    | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     29550 | NS      | $1166338.50   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank | ZIONS BANCORP NA    | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |     17426 | NS      | $1010882.26   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                       | OLD NATL BANCORP    | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     53153 | NS      | $1216672.17   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Incorporated                        | DIODES INC          | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |      3109 | NS      | $169238.42    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                                 | ATKORE INC          | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |      2593 | NS      | $150886.67    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                       | CLEVELAND-CLIFFS    | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    119788 | NS      | $1287721.00   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp  PA      | FIRST COMMON FIN    | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |     32292 | NS      | $573183.00    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings Inc.                     | DELEK US HOLDING    | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |     56089 | NS      | $1554226.19   | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc.                            | PHOTRONICS INC      | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     51576 | NS      | $1169227.92   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Motion Technology Corp.            | SILICON MOTI-ADR    | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | KY        |     12554 | NS      | $1000302.72   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Text Corp                             | OPEN TEXT CORP      | CUSIP: 683715106<br>LEI: 549300HP7ONDQODZJV16 | Long             | EC               | CORP              | CA        |     18166 | NS      | $600749.62    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** James Alpha Funds Trust

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Asst Treasurer