# EDGAR Filing Document

**Accession Number:** 0001045487
**File Stem:** 0001580642-25-007428
**Filing Date:** 2025-11
**Character Count:** 5081
**Document Hash:** 786bc8d428c0d1ac0181b76512233dd7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-007428.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001580642-25-007428

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**EFFECTIVENESS DATE**: 20251125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JAMES ADVANTAGE FUNDS
- **CENTRAL INDEX KEY:** 0001045487

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-37277
- **FILM NUMBER:** 251517236

**BUSINESS ADDRESS:**
- **STREET 1:** 1349 FAIRGROUND RD
- **CITY:** BEAVERCREEK
- **STATE:** OH
- **ZIP:** 45385
- **BUSINESS PHONE:** 9374267640

**MAIL ADDRESS:**
- **STREET 1:** 1349 FAIRGROUND RD
- **CITY:** BEAVERCREEK
- **STATE:** OH
- **ZIP:** 45385

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JAMES FUNDS
- **DATE OF NAME CHANGE:** 19970904

## Series and Classes Contracts Data

### James Balanced: Golden Rainbow Fund (Series ID: S000003560)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Retail Class        | GLRBX         | C000009900 |
| Institutional Class | GLRIX         | C000075008 |

---

### James Small Cap Fund (Series ID: S000003563)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| James Small Cap Fund | JASCX         | C000009903 |

---

### JAMES MICRO CAP FUND (Series ID: S000029269)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| JAMES MICRO CAP FUND | JMCRX         | C000090023 |

---

### James Aggressive Allocation Fund (Series ID: S000049901)

---

|  |  |  |
|:---|:---|:---|
| Class Name                       | Ticker Symbol | Class ID   |
| James Aggressive Allocation Fund | JAVAX         | C000157576 |

---

## Series and Classes Contracts Data

### James Balanced: Golden Rainbow Fund (Series ID: S000003560)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000009900 | Retail Class        | GLRBX           |
| C000075008 | Institutional Class | GLRIX           |

### James Small Cap Fund (Series ID: S000003563)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000009903 | James Small Cap Fund | JASCX           |

### JAMES MICRO CAP FUND (Series ID: S000029269)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000090023 | JAMES MICRO CAP FUND | JMCRX           |

### James Aggressive Allocation Fund (Series ID: S000049901)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000157576 | James Aggressive Allocation Fund | JAVAX           |

**James Advantage Funds**

(the "Trust")

**James Balanced: Golden Rainbow Fund**

**James Small Cap Fund**

**James Micro Cap Fund**

**James Aggressive Allocation Fund**

(the "Fund(s)")

Supplement dated November 25, 2025 to the

Statement of Additional Information ("SAI") for the Funds, dated November 1, 2025

The table entitled "**Securities Ownership of Portfolio Managers: as of June 30, 2025**" in the section entitled "**PORTFOLIO MANAGERS**" on page 31 on the SAI is hereby deleted in its entirety and replaced with the following:

**Securities Ownership of Portfolio Managers: As of June 30, 2025** 

---

| | | |
|:---|:---|:---|
| Portfolio Manager | Fund | Dollar Range |
| R. Brian Culpepper, CMFC, CKA | James Aggressive Allocation Fund | $100001 - $500000 |
|  | James Balanced: Golden Rainbow Fund | $500001 - $1000000 |
|  | James Micro-Cap Fund | $100001 - $500000 |
|  | James Small Cap Fund | $100001 - $500000 |
| Brian P. Shepardson, CFA | James Aggressive Allocation Fund | $100001 - $500000 |
|  | James Balanced: Golden Rainbow Fund | $100001 - $500000 |
|  | James Micro-Cap Fund | $100001 - $500000 |
|  | James Small Cap Fund | $100001 - $500000 |
| Trent D. Dysert, CFA | James Aggressive Allocation Fund | $100001 - $500000 |
|  | James Balanced: Golden Rainbow Fund | $100001 - $500000 |
|  | James Micro-Cap Fund | $100001 - $500000 |
|  | James Small Cap Fund | $100001 - $500000 |

---

\* R. Brian Culpepper is a co-trustee of the James Investment Research Profit Sharing Plan (the "Plan"). As a result, Mr. Culpepper may be deemed to beneficially own the shares owned by the Plan. Shares indicated as owned by Mr. Culpepper include shares in his account of the Plan, but do not include any other shares of the Plan.

\*\*\*\*

**THIS SUPPLEMENT PROVIDES RELEVANT INFORMATION FOR ALL SHAREHOLDERS AND PROSPECTIVE INVESTORS AND SHOULD BE RETAINED FOR FUTURE REFERENCE.**

The Funds' SAI has been filed with the U.S. Securities and Exchange Commission and is incorporated herein by reference. For a free paper or electronic copy of the Funds' SAI, including any supplements thereto, and other information, go to https://www.jamesinvestment.com, call 1-800-99-JAMES (1-800-995-2637) or ask any financial intermediary who offers shares of the Funds.