# EDGAR Filing Document

**Accession Number:** 0000924628
**File Stem:** 0000910472-25-002613
**Filing Date:** 2025-10
**Character Count:** 18146
**Document Hash:** b4a5e4f4b83a005f6d031981660c7881
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002613.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002613

**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:** 251429442

**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

### International Equity Portfolio (Series ID: S000010892)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000030183 | International Equity Portfolio Class A | SIEYX           |
| C000030184 | International Equity Portfolio Class I | SIEPX           |
| C000030186 | International Equity Portfolio Class C | SIECX           |

## 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 International Equity Portfolio

- **b. EDGAR series identifier (if any):** S000010892

- **c. LEI of Series:** 549300P5EU6NL4HCSI29

**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:** $3377654.11

**Total Liabilities:** $69545.80

**Net Assets:** $3308108.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030184 | 3.28%                | -0.87%               | 3.93%                |
| Class ID C000030186 | 3.18%                | -0.97%               | 3.85%                |
| Class ID C000030183 | 3.19%                | -0.86%               | 3.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $50185.94                | $57739.00                                  |
| Month 2  | $96963.42                | $-115757.45                                |
| Month 3  | $28097.47                | $105593.57                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| GEA Group AG                                 | GEA GROUP AG                       | CUSIP: D28304109<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |      1400 | NS      | $101886.57    | 3.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Axa SA                                       | AXA                                | CUSIP: F06106102<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |      1460 | NS      | $67993.36     | 2.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Realtek Semiconductor Corp.                  | REALTEK SEMI                       | CUSIP: Y7220N101<br>LEI: 5299002E7F36O00MYY75 | Long             | EC               | CORP              | TW        |      4000 | NS      | $69854.14     | 2.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Hoshizaki Corp.                              | HOSHIZAKI CORP                     | CUSIP: J23254105<br>LEI: 5299001QAMLGU3SRBG20 | Long             | EC               | CORP              | JP        |      1953 | NS      | $75080.56     | 2.27%             |  |  |  | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.         | SMFG                               | CUSIP: J7771X109<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |      3200 | NS      | $87146.79     | 2.63%             |  |  |  | No            | 2                  | On Loan: No      |
| BP PLC                                       | BP PLC-ADR                         | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |      1750 | NS      | $61652.50     | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Coway Co Ltd.                                | COWAY CO LTD                       | CUSIP: Y1786S109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1070 | NS      | $80019.06     | 2.42%             |  |  |  | No            | 2                  | On Loan: No      |
| Kinross Gold Corp.                           | KINROSS GOLD                       | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |      6390 | NS      | $133551.00    | 4.04%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                | ISHARES MSCI IND                   | CUSIP: 46429B598<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |       980 | NS      | $50940.40     | 1.54%             |  |  |  | No            | 1                  | On Loan: No      |
| BYD Co Ltd.                                  | BYD COMPANY                        | CUSIP: Y1023R104<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |      6000 | NS      | $84647.35     | 2.56%             |  |  |  | No            | 2                  | On Loan: No      |
| Assicurazioni Generali S.p.A.                | GENERALI                           | CUSIP: T05040109<br>LEI: 549300X5UKJVE386ZB61 | Long             | EC               | CORP              | IT        |      1980 | NS      | $77282.06     | 2.34%             |  |  |  | No            | 2                  | On Loan: No      |
| DBS Group Holdings Ltd.                      | DBS GROUP HLDGS                    | CUSIP: Y20246107<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |      2440 | NS      | $96043.19     | 2.90%             |  |  |  | No            | 2                  | On Loan: No      |
| Unilever PLC                                 | UNILEVER PLC                       | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |      1000 | NS      | $63080.33     | 1.91%             |  |  |  | No            | 2                  | On Loan: No      |
| Compagnie de Saint-Gobain SA                 | SAINT GOBAIN                       | CUSIP: F80343100<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |       810 | NS      | $87434.07     | 2.64%             |  |  |  | No            | 2                  | On Loan: No      |
| Canadian Imperial Bank of Commerce           | CAN IMPERIAL BK OF COMMER          | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |       900 | NS      | $69561.00     | 2.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Tenaga Nasional Bhd                          | Tenaga Nasional Bhd                | CUSIP: Y85859109<br>LEI: 549300FV8X6UID6I1413 | Long             | EC               | CORP              | MY        |     19800 | NS      | $61823.29     | 1.87%             |  |  |  | No            | 2                  | On Loan: No      |
| Otsuka Corp.                                 | OTSUKA CORP                        | CUSIP: J6243L115<br>LEI: 529900RG9DJ58J3UIE72 | Long             | EC               | CORP              | JP        |      3100 | NS      | $63660.88     | 1.92%             |  |  |  | No            | 2                  | On Loan: No      |
| Dreyfus Instl Resv                           | DREYFUS-INS-IS                     | CUSIP: 26200X100<br>LEI: 549300FG0OZ5YKPLK622 | Long             | STIV             | RF                | US        |     51832 | PA      | $51832.24     | 1.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Novartis AG                                  | NOVARTIS AG-REG                    | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |       560 | NS      | $70879.49     | 2.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Rolls-Royce Holdings PLC                     | ROLLS-ROYCE HOLD                   | CUSIP: G76225104<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |      7940 | NS      | $114488.89    | 3.46%             |  |  |  | No            | 2                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | TAIWAN SEMIC-ADR                   | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |       400 | NS      | $92348.00     | 2.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Allianz SE                                   | ALLIANZ SE-REG                     | CUSIP: D03080112<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |       210 | NS      | $88771.39     | 2.68%             |  |  |  | No            | 2                  | On Loan: No      |
| Intesa Sanpaolo S.p.A.                       | INTESA SANPAOLO                    | CUSIP: T55067101<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |     15570 | NS      | $98007.30     | 2.96%             |  |  |  | No            | 2                  | On Loan: No      |
| Caixabank S.A.                               | CaixaBank SA                       | CUSIP: E2427M123<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |     10450 | NS      | $104328.14    | 3.15%             |  |  |  | No            | 2                  | On Loan: No      |
| Kao Corp.                                    | KAO CORP                           | CUSIP: J30642169<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |      1700 | NS      | $77234.96     | 2.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Ipsen SA                                     | IPSEN                              | CUSIP: F5362H107<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |       520 | NS      | $70687.03     | 2.14%             |  |  |  | No            | 2                  | On Loan: No      |
| KB Financial Group Inc.                      | KB FINANCIAL GRO                   | CUSIP: Y46007103<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |       970 | NS      | $75891.49     | 2.29%             |  |  |  | No            | 2                  | On Loan: No      |
| Allegro.eu SA                                | ALLEGRO.EU SA                      | CUSIP: L0R67D109<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | LU        |      7500 | NS      | $75364.59     | 2.28%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Mizuho Financial Group Inc.                  | MIZUHO FINANCIAL                   | CUSIP: J4599L102<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |      2300 | NS      | $75658.99     | 2.29%             |  |  |  | No            | 2                  | On Loan: No      |
| Check Point Software Technologies Ltd.       | CHECK POINT SOFT                   | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |       350 | NS      | $67599.00     | 2.04%             |  |  |  | No            | 1                  | On Loan: No      |
| DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT | DREYFUS TREASURY OBLIGATIONS #0521 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Sony Group Corp.                             | SONY GROUP CORP                    | CUSIP: J76379106<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |      3200 | NS      | $87452.51     | 2.64%             |  |  |  | No            | 2                  | On Loan: No      |
| Dr. Reddy's Laboratories Ltd.                | DR. REDDY'S LABO                   | CUSIP: 256135203<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |      3990 | NS      | $56658.00     | 1.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Bureau Veritas SA                            | BUREAU VERITAS S                   | CUSIP: F96888114<br>LEI: 969500TPU5T3HA5D1F11 | Long             | EC               | CORP              | FR        |      2070 | NS      | $62435.62     | 1.89%             |  |  |  | No            | 2                  | On Loan: No      |
| Xiaomi Corp.                                 | XIAOMI CORP-CLASS B                | CUSIP: G9830T106<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | KY        |     13600 | NS      | $92818.44     | 2.81%             |  |  |  | Yes           | 2                  | On Loan: No      |
| CP All Public Co Ltd.                        | CP ALL PCL-F                       | CUSIP: Y1772K169<br>LEI: 894500LSBZLM09TY1A91 | Long             | EC               | CORP              | TH        |     43000 | NS      | $58694.15     | 1.77%             |  |  |  | No            | 2                  | On Loan: No      |
| Eni SpA                                      | ENI SPA                            | CUSIP: T3643A145<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |      3890 | NS      | $69529.14     | 2.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco Santander, S.A.                        | BANCO SANTANDER                    | CUSIP: E19790109<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |     10300 | NS      | $98350.95     | 2.97%             |  |  |  | No            | 2                  | On Loan: No      |
| NetEase Inc.                                 | NETEASE INC                        | CUSIP: G6427A102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |      2600 | NS      | $71294.46     | 2.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Dai-ichi Life Holdings Inc.                  | DAI-ICHI LIFE HO                   | CUSIP: J09748112<br>LEI: 549300ZUFXI7JXZVTZ25 | Long             | EC               | CORP              | JP        |      8900 | NS      | $73023.63     | 2.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Coca-Cola Europacific Partners PLC           | COCA-COLA EUROPA                   | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |       880 | NS      | $78196.80     | 2.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsubishi Heavy Industries Ltd.             | MITSUBISHI HEAVY                   | CUSIP: J44002178<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |      3800 | NS      | $95874.58     | 2.90%             |  |  |  | No            | 2                  | On Loan: No      |
| Obayashi Corp.                               | OBAYASHI CORP                      | CUSIP: J59826107<br>LEI: 529900YT4O5S0LCXWD54 | Long             | EC               | CORP              | JP        |      4300 | NS      | $69745.24     | 2.11%             |  |  |  | No            | 2                  | 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