# EDGAR Filing Document

**Accession Number:** 0000924628
**File Stem:** 0000910472-25-002615
**Filing Date:** 2025-10
**Character Count:** 18693
**Document Hash:** 0283db8bc35e36a3461a219f1f3ac973
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002615.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002615

**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:** SARATOGA ADVANTAGE TRUST
- **CENTRAL INDEX KEY:** 0000924628

**ORGANIZATION NAME:**
- **EIN:** 137044280
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08542
- **FILM NUMBER:** 251429444

**BUSINESS ADDRESS:**
- **STREET 1:** 1616 N LITCHFIELD RD.
- **STREET 2:** SUITE 165
- **CITY:** GOODYEAR
- **STATE:** AZ
- **ZIP:** 85395
- **BUSINESS PHONE:** 623-266-4567

**MAIL ADDRESS:**
- **STREET 1:** 1616 N LITCHFIELD RD.
- **STREET 2:** SUITE 165
- **CITY:** GOODYEAR
- **STATE:** AZ
- **ZIP:** 85395

## Series and Classes Contracts Data

### Financial Services Portfolio (Series ID: S000010893)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000030187 | Financial Services Portfolio Class I | SFPIX           |
| C000030189 | Financial Services Portfolio Class C | SFPCX           |
| C000030190 | Financial Services Portfolio Class A | SFPAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SARATOGA ADVANTAGE TRUST

- **b. Investment Company Act file number:** 811-08542

- **c. CIK number of Registrant:** 0000924628

- **d. LEI of Registrant:** 549300ELDSPPW4ZGNR88

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

  - **Street Address 1:** 12725 W. Indian School Road

  - **City:** AVONDALE

  - **State:** AZ

  - **Foreign country:** US

  - **Zip / Postal Code:** 85392

  - **Telephone number:** 623-266-4567

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

- **a. Name of Series:** Saratoga Financial Services Portfolio

- **b. EDGAR series identifier (if any):** S000010893

- **c. LEI of Series:** 5493003OSJQMQNHI7H73

**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:** $1105884.87

**Total Liabilities:** $48787.37

**Net Assets:** $1057097.50

**Cash Not Reported:** $2.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030187 | 3.56%                | 0.40%                | 3.26%                |
| Class ID C000030189 | 3.77%                | 0.71%                | 3.41%                |
| Class ID C000030190 | 3.52%                | 0.37%                | 3.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $45014.47                                  |
| Month 2  | $14941.60                | $-7313.09                                  |
| Month 3  | $106898.04               | $-75948.58                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| East West Bancorp Inc             | EAST WEST BNCRP  | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       225 | NS      | $23656.50     | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc           | CBOE GLOBAL MARK | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |       101 | NS      | $23830.95     | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.              | JPMORGAN CHASE   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       158 | NS      | $47624.36     | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.           | SYNOVUS FINL     | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |       385 | NS      | $19869.85     | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                           | AON PLC-CLASS A  | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |        15 | NS      | $5505.00      | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                    | BLACKROCK INC    | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |        10 | NS      | $11271.40     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                | STATE ST CORP    | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |       226 | NS      | $25983.22     | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                    | CITIGROUP INC    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |       294 | NS      | $28391.58     | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                    | MORGAN STANLEY   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |        73 | NS      | $10985.04     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.        | AMERIPRISE FINAN | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |        58 | NS      | $29858.98     | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                          | BANK OZK         | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |       352 | NS      | $18469.44     | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                        | CHUBB LTD        | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       126 | NS      | $34658.82     | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                    | CME GROUP INC    | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       127 | NS      | $33846.77     | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.           | BERKSHIRE HATH-B | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       199 | NS      | $100093.02    | 9.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                    | BLACKSTONE INC   | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |        47 | NS      | $8055.80      | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial               | SYNCHRONY FINANC | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |       375 | NS      | $28627.50     | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC         | JANUS HENDERSON  | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |       413 | NS      | $18304.16     | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                    | S&P GLOBAL INC   | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |        24 | NS      | $13162.56     | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| W.R. Berkley Corporation          | WR BERKLEY CORP  | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |       199 | NS      | $14266.31     | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                 | WELLS FARGO & CO | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |       468 | NS      | $38460.24     | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc     | INTERACTIVE BROK | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |       459 | NS      | $28568.16     | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.             | MGIC INVT CORP   | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |       431 | NS      | $11994.73     | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Moodys Corp.                      | MOODY'S CORP     | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |        14 | NS      | $7136.64      | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.         | GOLDMAN SACHS GP | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |        20 | NS      | $14905.00     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.              | PAYPAL HOLDINGS  | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |       126 | NS      | $8843.94      | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS Capital Holdings Limited     | AXIS CAPITAL     | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |        90 | NS      | $8872.20      | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation       | PROGRESSIVE CORP | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |        48 | NS      | $11858.88     | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Incorporated                | AFLAC INC        | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |       312 | NS      | $33340.32     | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation      | STIFEL FINANCIAL | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |       203 | NS      | $23403.87     | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                         | TOAST INC-A      | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |       447 | NS      | $20159.70     | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                       | FISERV INC       | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |        37 | NS      | $5112.66      | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.    | AMER FINL GROUP  | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |       124 | NS      | $16846.64     | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                           | WEX INC          | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |        50 | NS      | $8567.50      | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc     | INTERCONTINENTAL | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |        40 | NS      | $7064.00      | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.           | WEBSTER FINL     | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |       138 | NS      | $8586.36      | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company          | AMERICAN EXPRESS | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |        62 | NS      | $20539.36     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Instl Resv                | DREYFUS-INS-IS   | CUSIP: 26200X100<br>LEI: 549300FG0OZ5YKPLK622 | Long             | STIV             | RF                | US        |     13235 | PA      | $13234.74     | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc      | APOLLO GLOBAL MA | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |       148 | NS      | $20162.04     | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation    | SCHWAB (CHARLES) | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |        68 | NS      | $6517.12      | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                          | VISA INC-CLASS A | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       124 | NS      | $43620.72     | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                     | US BANCORP       | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |       503 | NS      | $24561.49     | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Companies, Inc.  | MARSH & MCLENNAN | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |        77 | NS      | $15847.37     | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc. | PNC FINANCIAL SE | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |        35 | NS      | $7260.40      | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                         | BLOCK INC        | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |       187 | NS      | $14892.68     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated           | MASTERCARD INC-A | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |        76 | NS      | $45242.04     | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                | VOYA FINANCIAL I | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |       208 | NS      | $15618.72     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.             | BANK OF AMERICA  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |       896 | NS      | $45463.04     | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                 | EVEREST GROUP LT | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |        26 | NS      | $8888.88      | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.       | CAPITAL ONE FINA | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |       144 | NS      | $32719.68     | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** SARATOGA ADVANTAGE TRUST

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Assistant Treasurer