# EDGAR Filing Document

**Accession Number:** 0001829774
**File Stem:** 0000910472-26-005869
**Filing Date:** 2026-4
**Character Count:** 44476
**Document Hash:** 0240eaed194ce3fd295f9f0f8d0b13c0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-005869.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0000910472-26-005869

**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:** 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:** 26903131

**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 Long/Short Opportunity Fund (Series ID: S000073424)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000230311 | Easterly Snow Long/Short Opportunity Fund Class C  |  |
| C000230312 | Easterly Snow Long/Short Opportunity Fund Class I  |  |
| C000230313 | Easterly Snow Long/Short Opportunity Fund Class R6 |  |
| C000230314 | Easterly Snow Long/Short Opportunity 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 Long/Short Opportunity Fund

- **b. EDGAR series identifier (if any):** S000073424

- **c. LEI of Series:** 549300W42XF61VHPKX78

**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:** $153447739.25

**Total Liabilities:** $44273842.22

**Net Assets:** $109173897.03

**Cash Not Reported:** $22493306.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000230313 | 1.31%                | 1.77%                | 4.95%                |
| Class ID C000230311 | 1.21%                | 1.66%                | 4.91%                |
| Class ID C000230312 | 1.31%                | 1.77%                | 4.95%                |
| Class ID C000230314 | 1.27%                | 1.76%                | 4.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1227940.90              | $-232138.63                                |
| Month 2  | $2144200.70              | $-851376.16                                |
| Month 3  | $275949.52               | $5475059.73                                |

**Designated Index Information**

- **Index Name:** 70Russell3000_30ICE_ 3MonthUSTre

- **Index Identifier:** 70RUSSELL3000_30ICE_ 3MONTHUSTRE

### 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                                           | ANF US 03/20/26 C120   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -200 | NC      | $-33000.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | SMCI US 06/18/26 C45   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -140 | NC      | $-24500.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Wesco International, Inc.                     | WESCO INTL             | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      9360 | NS      | $2709720.00   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                               | EQT CORP               | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     42900 | NS      | $2634918.00   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                         | FREEPORT-MCMORAN       | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      6600 | NS      | $449328.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                  | TARGET CORP            | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     11900 | NS      | $1354101.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources Inc                        | WHITECAP RESOURC       | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |    324817 | NS      | $3241673.66   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | LVS US 06/18/26 C70    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -120 | NC      | $-11940.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | AKAM US 06/18/26 C115  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -75 | NC      | $-30750.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                                 | RIO TINTO-ADR          | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Short            | EC               | CORP              | GB        |    -14700 | NS      | $-1460298.00  | -1.34%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | JPM US 06/18/26 C330   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -30 | NC      | $-19860.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | ORCL US 03/20/26 C400  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-15.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MetLife Inc.                                  | METLIFE INC            | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     26375 | NS      | $1900846.25   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                           | FIFTH THIRD BANC       | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     21000 | NS      | $1038870.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | ASML US 03/20/26 C1100 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-177575.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Zoom Communications Inc.                      | ZOOM COMMUNICATI       | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     16930 | NS      | $1251804.20   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | BTG US 05/15/26 C5.5   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1200 | NC      | $-133200.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Super Micro Computer Inc.                     | SUPER MICRO COMP       | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |     14000 | NS      | $453460.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc.                               | PHOTRONICS INC         | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     31800 | NS      | $1190274.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                        | LINCOLN NATL CRP       | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     49190 | NS      | $1687217.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                          | DELTA AIR LI           | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     12000 | NS      | $788400.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | AEO US 05/15/26 C27    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -150 | NC      | $-26250.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Carters Inc.                                  | CARTER'S INC           | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     31800 | NS      | $1066890.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                   | UNITED PARCEL-B        | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     15280 | NS      | $1771868.80   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                 | ALPHABET INC-C         | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2100 | NS      | $654003.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | BTG US 04/17/26 C5.5   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -500 | NC      | $-42000.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | MOH US 06/18/26 P110   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -40 | NC      | $-13700.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ConocoPhillips                                | CONOCOPHILLIPS         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     32208 | NS      | $3654319.68   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                           | WALT DISNEY CO/T       | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     10200 | NS      | $1081608.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | SOC US 01/15/27 C25    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -200 | NC      | $-16000.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Index Funds                          | VANGUARD TL SK E       | CUSIP: 922908769<br>LEI: 549300G6KNDK44WUN559 | Short            | EC               | RF                | US        |     -9200 | NS      | $-3116684.00  | -2.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Gold Trust                               | SPDR GOLD SHARES       | CUSIP: 78463V107<br>LEI: N/A                  | Short            | EC               | RF                | US        |     -7600 | NS      | $-3676500.00  | -3.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                              | HAEMONETICS CORP       | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     14400 | NS      | $911808.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                 | CHEVRON CORP           | CUSIP: 166764100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2600 | NS      | $-485576.00   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                             | JOHNSON&JOHNSON        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     10030 | NS      | $2491752.90   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | PVH US 03/20/26 P65    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -110 | NC      | $-15180.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| B2Gold Corp.                                  | B2GOLD CORP            | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |    899832 | NS      | $5542965.12   | 5.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp.                                     | FMC 8.45 11/01/55      | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    600000 | PA      | $395142.24    | 0.36%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                          | CLF 6 1/4 10/01/40     | CUSIP: 18683KAC5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    800000 | PA      | $683257.28    | 0.63%             | 2040-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                           | BTG US 01/15/27 C7.5   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -3700 | NC      | $-388500.00   | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | AAPL US 04/17/26 P240  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -60 | NC      | $-19200.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | DAL US 03/20/26 C70    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -120 | NC      | $-19440.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Lyft Inc                                      | LYFT INC-A             | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     45000 | NS      | $622800.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp.                              | NCR ATLEOS CORP        | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |     56790 | NS      | $2514661.20   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc.                | AMER EAGLE OUTF        | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     40000 | NS      | $982800.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                 | ISHARES RUSSELL        | CUSIP: 464287614<br>LEI: 5493000860OXIC4B5K91 | Short            | EC               | RF                | US        |     -6500 | NS      | $-2926235.00  | -2.68%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | ST US 05/15/26 C40     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -170 | NC      | $-30600.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                | CITIGROUP INC          | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     25740 | NS      | $2836290.60   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                          | LAS VEGAS SANDS        | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     35050 | NS      | $1988036.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                         | BANK OF AMERICA        | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     27070 | NS      | $1348898.10   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                   | PFIZER INC             | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     81600 | NS      | $2256240.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | FCX US 06/18/26 C70    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -66 | NC      | $-45870.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Old National Bancorp                          | OLD NATL BANCORP       | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     66700 | NS      | $1540770.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corporation                           | VISTEON CORP           | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     18000 | NS      | $1722060.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                                    | ATKORE INC             | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     12300 | NS      | $795933.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HudBay Minerals Inc                           | HUDBAY MINERALS INC    | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |    102800 | NS      | $2912324.00   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                          | CLEVELAND-CLIFFS       | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     54000 | NS      | $575640.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                          | VANGUARD S/C V E       | CUSIP: 922908611<br>LEI: 549300G6KNDK44WUN559 | Short            | EC               | RF                | US        |    -10400 | NS      | $-2390960.00  | -2.19%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                             | SS SPDR P SP500V       | CUSIP: 78464A508<br>LEI: 5493004JVD6CQEEJSS37 | Short            | EC               | RF                | US        |    -61800 | NS      | $-3677100.00  | -3.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC              | SENSATA TECHNOLO       | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |     51320 | NS      | $1916288.80   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sable Offshore Corp                           | SABLE OFFSHORE C       | CUSIP: 78574H104<br>LEI: 254900IMMKZUOZF7V487 | Long             | EC               | CORP              | US        |     60000 | NS      | $495000.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | IFF US 03/20/26 P55    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -46 | NC      | $-2668.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PVH Corp.                                     | PVH CORP               | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     27217 | NS      | $1867086.20   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Holding Company LLC and PBF Finance Corp. | PBFENE 6 02/15/28      | CUSIP: 69318FAJ7<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996620.30    | 0.91%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Columbia Banking System Inc.                  | COLUMBIA BANKING       | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |     80470 | NS      | $2289371.50   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                    | CONSTELLATION-A        | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      9600 | NS      | $1515456.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                          | JPMORGAN CHASE         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     12900 | NS      | $3873870.00   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | SFM US 06/18/26 P70    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -80 | NC      | $-42880.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Carlyle Group Inc                             | CARLYLE GROUP IN       | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Short            | EC               | CORP              | US        |    -25300 | NS      | $-1315347.00  | -1.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                     | SANOFI-ADR             | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     60296 | NS      | $2934003.36   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                        | AGNICO EAGLE MIN       | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     13540 | NS      | $3406664.00   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                     | GOLDMAN SACHS GP       | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Short            | EC               | CORP              | US        |     -1900 | NS      | $-1633183.00  | -1.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp.                                  | KSS 5.55 07/17/45      | CUSIP: 500255AV6<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $665042.40    | 0.61%             | 2045-07-17      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Northern Oil And Gas, Inc.                    | NORTHERN OIL AND       | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     81270 | NS      | $2242239.30   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | PYPL US 03/20/26 P55   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -100 | NC      | $-96300.00    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp.                      | MARATHON PETROLE       | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     10795 | NS      | $2139676.95   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | ASML US 03/20/26 C1200 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-132500.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | LYFT US 06/18/26 P15   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -230 | NC      | $-54510.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | AEM US 03/20/26 C160   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -70 | NC      | $-641900.00   | -0.59%            |  |  |  | No            |                  2 | On Loan: No      |
| Paccar Inc                                    | PACCAR INC             | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     11575 | NS      | $1459491.75   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | PCAR US 06/18/26 C135  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -50 | NC      | $-23000.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Dell Technologies Inc                         | DELL TECHN-C           | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     11000 | NS      | $1628880.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust                              | V/E JR GLD MINER       | CUSIP: 92189F791<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |     20000 | NS      | $3123800.00   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | SFM US 03/20/26 P65    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -80 | NC      | $-4000.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | CMC US 06/18/26 C85    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -100 | NC      | $-28750.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | JPM US 03/20/26 C310   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -55 | NC      | $-23650.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Kenvue Inc.                                   | KENVUE INC             | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    102000 | NS      | $1950240.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Biomarin Pharmaceutical Inc.                  | BIOMARIN PHARMAC       | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     26800 | NS      | $1654364.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                        | ABERCROMBIE & FI       | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     16000 | NS      | $1564800.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | DELL US 03/20/26 C200  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -30 | NC      | $-180.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp.                                  | ORACLE CORP            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      3000 | NS      | $436200.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.               | REGENERON PHARM        | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      1620 | NS      | $1266305.40   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | REGN US 05/15/26 P700  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-17640.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                             | EXXON MOBIL CORP       | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Short            | EC               | CORP              | US        |     -3400 | NS      | $-518500.00   | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                                 | CENTENE CORP           | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     33000 | NS      | $1481040.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                   | GENTEX CORP            | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     64400 | NS      | $1506960.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc.                           | ALLY 4.7 PERP          | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499025.80    | 0.46%             | 2169-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Range Resources Corp.                         | RANGE RESOURCES        | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     88680 | NS      | $3660710.40   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | JXN US 03/20/26 C120   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -75 | NC      | $-8437.50     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | AGI US 03/20/26 C35    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -250 | NC      | $-476250.00   | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| The Clorox Company                            | CLOROX CO              | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Short            | EC               | CORP              | US        |     -7500 | NS      | $-953700.00   | -0.87%            |  |  |  | No            |                  1 | On Loan: No      |
| UWM Holdings Corp                             | UWM HOLDINGS COR       | CUSIP: 91823B109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    309700 | NS      | $1365777.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.                     | AKAMAI TECHNOLOG       | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |     15500 | NS      | $1525045.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                          | ELEVANCE HEALTH        | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      3100 | NS      | $992000.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | CLF US 06/18/26 C17    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -180 | NC      | $-5220.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Spdr S&p 500 Etf Trust           | SS S&P 500 ET-US       | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Short            | EC               | RF                | US        |    -26100 | NS      | $-17904339.00 | -16.40%           |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | WCC US 03/20/26 C230   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -40 | NC      | $-241600.00   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| VanEck ETF Trust                              | VANECK GOLD MINE       | CUSIP: 92189F106<br>LEI: 549300ZLFKNTXC51ZN76 | Short            | EC               | RF                | US        |     -7000 | NS      | $-810880.00   | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | SOC US 04/17/26 C15    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -200 | NC      | $-4200.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UGI Corp                                      | UGI CORP               | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     68450 | NS      | $2560714.50   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc.                           | ALLY 4.7 PERP          | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $949955.90    | 0.87%             | 2169-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| N/A                                           | HBM US 04/17/26 C22.5  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -300 | NC      | $-187500.00   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | WCC US 03/20/26 C250   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -30 | NC      | $-123000.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Zoominfo Technologies Inc                     | ZOOMINFO TECH          | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |    182800 | NS      | $1135188.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira Biosciences Inc                        | PACIRA BIOSCIENC       | CUSIP: 695127100<br>LEI: 549300P56LERYBDHCF69 | Long             | EC               | CORP              | US        |    138400 | NS      | $3032344.00   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | MSFT US 04/17/26 P400  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-28290.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Alamos Gold Inc.                              | ALAMOS GOLD INC        | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     63000 | NS      | $3413970.00   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.             | HARTFORD INSURAN       | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      9330 | NS      | $1313943.90   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company                     | COMMERCIAL METAL       | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     22243 | NS      | $1630411.90   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecovyst Inc                                   | ECOVYST INC            | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125130 | NS      | $1410215.10   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH                                           | BBH SWEEP VEHICLE      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   4424218 | PA      | $4424217.88   | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.                            | SUNCOR ENERGY          | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |     35389 | NS      | $2000186.28   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                             | ASML HOLDING-NY        | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      1000 | NS      | $1450560.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | GOOG US 05/15/26 C330  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -21 | NC      | $-27615.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Jackson Financial Inc                         | JACKSON FI-A           | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     15400 | NS      | $1685992.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | AMD US 05/15/26 P160   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -75 | NC      | $-43500.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Asst Treasurer