# EDGAR Filing Document

**Accession Number:** 0000924628
**File Stem:** 0000910472-25-002617
**Filing Date:** 2025-10
**Character Count:** 22927
**Document Hash:** e8c31d40bec8798426c0ee32e4417ba7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002617.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002617

**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:** 251429446

**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

### Mid Capitalization Portfolio (Series ID: S000010885)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000030155 | Mid Capitalization Portfolio - Class I | SMIPX           |
| C000030157 | Mid Capitalization Portfolio - Class C | SPMCX           |
| C000030158 | Mid Capitalization Portfolio - Class A | SPMAX           |

## 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 Mid Capitalization Portfolio

- **b. EDGAR series identifier (if any):** S000010885

- **c. LEI of Series:** 549300KZLUYNC6EKP264

**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:** $10742379.46

**Total Liabilities:** $76859.25

**Net Assets:** $10665520.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030155 | 5.43%                | 3.00%                | 2.43%                |
| Class ID C000030158 | 5.49%                | 2.86%                | 2.45%                |
| Class ID C000030157 | 5.41%                | 2.95%                | 2.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $59874.99                | $522770.52                                 |
| Month 2  | $406059.19               | $-67465.54                                 |
| Month 3  | $451542.53               | $-187716.31                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ciena Corporation                          | CIENA CORP              | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      1230 | NS      | $115583.10    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                      | WEC ENERGY GROUP        | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      2180 | NS      | $232191.80    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Incorporated                      | COMERICA INC            | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |      2445 | NS      | $172568.10    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                               | ALLEGION PLC            | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |       640 | NS      | $108672.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ametek, Inc.                               | AMETEK INC              | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |       700 | NS      | $129360.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                          | MASCO CORP              | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      1310 | NS      | $96140.90     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                      | FLOWSERVE CORP          | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |      2770 | NS      | $148638.20    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                   | WESTERN ALLIANCE        | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |      3830 | NS      | $342976.50    | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharkninja Inc.                            | SHARKNINJA INC          | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |       885 | NS      | $103509.60    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                   | FABRINET                | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |       380 | NS      | $125890.20    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                            | GE VERNOVA LLC          | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       170 | NS      | $104204.90    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                 | NASDAQ INC              | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      1905 | NS      | $180479.70    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company                   | VULCAN MATERIALS        | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |       735 | NS      | $214002.60    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corporation                       | CARNIVAL CORP           | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |      2035 | NS      | $64896.15     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                  | WESCO INTL              | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |       255 | NS      | $56059.20     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor And Decor Holding Inc.               | FLOOR & DECOR-A         | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |      2820 | NS      | $231014.40    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                     | MARVELL TECHNOLO        | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1405 | NS      | $88325.33     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                          | HERC HOLDINGS IN        | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      2435 | NS      | $318473.65    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                         | VERTIV HOLDING-A        | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |       740 | NS      | $94387.00     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Instl Resv                         | DREYFUS-INS-IS          | CUSIP: 26200X100<br>LEI: 549300FG0OZ5YKPLK622 | Long             | STIV             | RF                | US        |    206023 | PA      | $206023.22    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated                       | HUBBELL INC             | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |       925 | NS      | $398665.75    | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Group                      | ROYAL CARIBBEAN         | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |       175 | NS      | $63563.50     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc                    | HELIOS TECHNOLOGIES INC | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |      3920 | NS      | $212620.80    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.                  | ROCKWELL AUTOMAT        | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |       445 | NS      | $152826.35    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.             | LINCOLN ELECTRIC        | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |       965 | NS      | $234137.95    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                    | REPUBLIC SVCS           | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      1370 | NS      | $320538.90    | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                              | COHERENT CORP           | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      3640 | NS      | $329310.80    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                      | ROBINHOOD MARK-A        | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      1200 | NS      | $124836.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                       | BLUE OWL CAPITAL        | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12825 | NS      | $237519.00    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corporation                          | NUCOR CORP              | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      1285 | NS      | $191118.05    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                 | ARCOSA INC              | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |      1655 | NS      | $163762.25    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corporation                   | TALEN ENERGY COR        | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       210 | NS      | $79573.20     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                    | XPO INC                 | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |      1005 | NS      | $130348.50    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co.                 | PERFORMANCE FOOD        | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |      1620 | NS      | $164268.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                     | CMS ENERGY CORP         | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      3280 | NS      | $234749.60    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                 | EVERGY INC              | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      3400 | NS      | $242284.00    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.              | MONOLITHIC POWER        | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       395 | NS      | $330125.20    | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                        | AXON ENTERPRISE         | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       245 | NS      | $183086.05    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank | ZIONS BANCORP NA        | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |      5630 | NS      | $326596.30    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation                | ARES MANAGEM- A         | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |       580 | NS      | $103936.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Autozone, Inc.                             | AUTOZONE INC            | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        28 | NS      | $117558.84    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc.             | AMER EAGLE OUTF         | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     11320 | NS      | $146480.80    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.            | SS&C TECHNOLOGIE        | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      2040 | NS      | $180866.40    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                          | DR HORTON INC           | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      1180 | NS      | $199986.40    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                        | SYNCHRONY FINANC        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      2580 | NS      | $196957.20    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                   | VALMONT INDS            | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |       215 | NS      | $78930.80     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders Firstsource, Inc.                 | BUILDERS FIRSTSO        | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |       515 | NS      | $71420.20     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation                 | ALLIANT ENERGY          | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |      3675 | NS      | $239132.25    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                       | TRADEWEB MARKE-A        | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2255 | NS      | $278176.80    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc             | BJ'S WHOLESALE C        | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      2950 | NS      | $288156.00    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Company, Inc.                         | TREX CO INC             | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3175 | NS      | $195675.25    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.                     | BURLINGTON STORE        | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |       960 | NS      | $279052.80    | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc.                  | AGILENT TECH INC        | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |       925 | NS      | $116235.50    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co.                                  | CRANE CO                | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |       540 | NS      | $100062.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield PLC                    | CUSHMAN & WAKEFI        | CUSIP: G2717B108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13750 | NS      | $216837.50    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corporation                         | HEXCEL CORP             | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      1685 | NS      | $106407.75    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                             | TECHNIPFMC PLC          | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      2380 | NS      | $87488.80     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                | VISTRA CORP             | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       265 | NS      | $50114.15     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                      | PARKER HANNIFIN         | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       215 | NS      | $163260.25    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.                        | TOLL BROTHERS           | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      1555 | NS      | $216145.00    | 2.03%             |  |  |  | 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