# EDGAR Filing Document

**Accession Number:** 0001829774
**File Stem:** 0000910472-26-006039
**Filing Date:** 2026-4
**Character Count:** 10579
**Document Hash:** 8274c9930d22eac428e9bcdceb7f4286
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-006039.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0000910472-26-006039

**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:** 26905583

**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:** 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:** $747859535.24

**Total Liabilities:** $214698087.03

**Net Assets:** $533161448.21

**Cash Not Reported:** $23432959.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000224306 | -0.14%               | 1.00%                | -0.78%               |
| Class ID C000224308 | -0.06%               | 1.09%                | -0.70%               |
| Class ID C000224305 | -0.07%               | 1.02%                | -0.74%               |
| Class ID C000224307 | -0.07%               | 1.07%                | -0.73%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.30                    | $-973875.00                                |
| Month 2  | $4135679.85              | $2437345.15                                |
| Month 3  | $19.03                   | $-4093962.02                               |

**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      | $917100.00    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPXW US 03/20/26 P6800 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       500 | NC      | $3902500.00   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| BBH                                 | BBH SWEEP VEHICLE      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |  19913030 | PA      | $19913030.49  | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | SPXW US 03/20/26 P6450 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -450 | NC      | $-1174500.00  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPXW US 02/27/26 P6850 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       250 | NC      | $251250.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPY BULLET SWAP J      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |    125000 | NS      | $2945312.00   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPXW US 03/20/26 P6750 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       250 | NC      | $1751250.00   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPY BULLET SWAP N      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     82500 | NS      | $3092636.25   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPY BULLET SWAP O      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     40000 | NS      | $600800.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPY BULLET SWAP Q      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     15000 | NS      | $-50100.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPXW US 03/20/26 P6400 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -300 | NC      | $-646500.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPXW US 02/27/26 P6500 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -250 | NC      | $-3125.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPY US 03/20/26 C705   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1425 | NC      | $-269325.00   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | SPXW US 03/31/26 P6800 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       800 | NC      | $8092000.00   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPY US 03/20/26 C707   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -2100 | NC      | $-294000.00   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | SPY US 03/20/26 C710   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -2750 | NC      | $-250250.00   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | SPXW US 03/31/26 P6450 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -800 | NC      | $-3288000.00  | -0.62%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | SPY BULLET SWAP L      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     25000 | NS      | $1716750.00   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Spdr S&p 500 Etf Trust | SS S&P 500 ET-US       | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |    692500 | NS      | $475048075.00 | 89.10%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | SPY US 03/13/26 C700   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1050 | NC      | $-219450.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | SPY BULLET SWAP M      | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               |  | US        |     20000 | NS      | $999800.00    | 0.19%             |  |  |  | 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