# EDGAR Filing Document

**Accession Number:** 0001829774
**File Stem:** 0000910472-25-002740
**Filing Date:** 2025-10
**Character Count:** 7949
**Document Hash:** c30fc3d5f7185939a8a08b5d8e40b73c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002740.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002740

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**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:** 251431107

**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 Hedged Equity Fund (Series ID: S000070614)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000224305 | Easterly Hedged Equity Fund Class A  | JDAEX           |
| C000224306 | Easterly Hedged Equity Fund Class C  | JDCEX           |
| C000224307 | Easterly Hedged Equity Fund Class I  | JDIEX           |
| C000224308 | Easterly Hedged Equity Fund Class R6 | JDSEX           |

## 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 Hedged Equity Fund

- **b. EDGAR series identifier (if any):** S000070614

- **c. LEI of Series:** 549300WGEYPL9X2TRF41

**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:** $443814041.73

**Total Liabilities:** $112321063.95

**Net Assets:** $331492977.78

**Cash Not Reported:** $9850855.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000224306 | 2.87%                | 1.21%                | 1.34%                |
| Class ID C000224308 | 2.97%                | 1.37%                | 1.36%                |
| Class ID C000224305 | 2.91%                | 1.31%                | 1.36%                |
| Class ID C000224307 | 2.93%                | 1.35%                | 1.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $10601350.00                               |
| Month 2  | $-0.50                   | $6035045.92                                |
| Month 3  | $0.00                    | $5801425.00                                |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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                    | SPY BULLET SWAP K      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     10000 | NS      | $507700.00    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| BBH                    | BBH SWEEP VEHICLE      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |  11926743 | PA      | $11926743.43  | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                    | SPY BULLET SWAP J      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     15000 | NS      | $637050.00    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                    | SPY US 10/17/25 C665   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -3400 | NC      | $-1217200.00  | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                    | SPXW US 09/30/25 P5970 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1000 | NC      | $-1505000.00  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                    | SPXW US 09/30/25 P6355 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      1000 | NC      | $5390000.00   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                    | SPY BULLET SWAP I      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     30000 | NS      | $2264358.00   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                    | SPY BULLET SWAP L      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     25000 | NS      | $693250.00    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                    | SPY BULLET SWAP H      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     10000 | NS      | $604300.00    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Spdr S&P 500 Etf Trust | SPDR S&P 500 ETF       | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |    457500 | NS      | $295110375.00 | 89.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                    | SPY BULLET SWAP G      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     82500 | NS      | $10426725.00  | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                    | SPY BULLET SWAP M      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     20000 | NS      | $181000.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                    | SPY US 10/17/25 C670   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1200 | NC      | $-280800.00   | -0.08%            |  |  |  | No            |                  2 | 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