# EDGAR Filing Document

**Accession Number:** 0001829774
**File Stem:** 0000910472-25-002743
**Filing Date:** 2025-10
**Character Count:** 15834
**Document Hash:** e2f8c804e10c715d618e68e614f52903
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002743.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002743

**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:** 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:** 251431110

**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 Global Real Estate Fund (Series ID: S000070611)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000224295 | Easterly Global Real Estate Fund Class I  | JARIX           |
| C000224296 | Easterly Global Real Estate Fund Class C  | JACRX           |
| C000224297 | Easterly Global Real Estate Fund Class A  | JAREX           |
| C000224298 | Easterly Global Real Estate Fund Class R6 | JARSX           |

## 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 Global Real Estate Fund

- **b. EDGAR series identifier (if any):** S000070611

- **c. LEI of Series:** 549300XBPXRSR5SS4I27

**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:** $254472377.61

**Total Liabilities:** $3642964.80

**Net Assets:** $250829412.81

**Cash Not Reported:** $469040.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000224295 | 2.04%                | -3.73%               | 1.67%                |
| Class ID C000224298 | 2.00%                | -3.73%               | 1.71%                |
| Class ID C000224297 | 1.97%                | -3.77%               | 1.64%                |
| Class ID C000224296 | 1.91%                | -3.82%               | 1.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $150463.71               | $3286515.21                                |
| Month 2  | $2848634.32              | $-12516821.05                              |
| Month 3  | $-2633878.70             | $6557192.99                                |

**Designated Index Information**

- **Index Name:** FTSE EPRA/NAREIT Developed Index Net TRI (Net)

- **Index Identifier:** RNGL

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Prologis Inc.                                 | PROLOGIS INC              | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     19000 | NS      | $2161820.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.                     | DIGITAL REALTY            | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     69123 | NS      | $11587779.72  | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company                     | LAMAR ADVERTIS-A          | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     81617 | NS      | $10385763.25  | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Interrent Real Estate Investment Trust        | INTERRENT REAL E          | CUSIP: 46071W205<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    892462 | NS      | $8694900.47   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                         | AMERICAN HOMES-A          | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    202688 | NS      | $7260284.16   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Grainger PLC                                  | Grainger PLC              | CUSIP: G40432117<br>LEI: 2138007CEIRKZMNI2979 | Long             | EC               | CORP              | GB        |   3687666 | NS      | $9695952.02   | 3.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Agree Realty Corp                             | AGREE REALTY              | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |    106386 | NS      | $7738517.64   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Primary Health Properties PLC                 | PRIMARY HEALTH            | CUSIP: G7240B186<br>LEI: 213800Y5CJHXOATK7X11 | Long             | EC               | CORP              | GB        |  17178938 | NS      | $21374511.45  | 8.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Killam Apartment Real Estate Investment Trust | KILLAM APARTMENT REAL EST | CUSIP: 49410M102<br>LEI: 2549001RZSL75H60JE41 | Long             | EC               | CORP              | CA        |    100648 | NS      | $1316958.21   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors, Inc.               | NATL HEALTH INV           | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |     30412 | NS      | $2380955.48   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom S.A.U                         | CELLNEX TELECOM           | CUSIP: E2R41M104<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |    413885 | NS      | $14730937.89  | 5.87%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tritax Big Box REIT PLC                       | TRITAX BIG BOX R          | CUSIP: G9101W101<br>LEI: 213800L6X88MIYPVR714 | Long             | EC               | CORP              | GB        |   4742595 | NS      | $8906569.30   | 3.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Equity Lifestyle Properties Inc               | EQUITY LIFESTYLE          | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    119923 | NS      | $7230157.67   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.                 | STARWOOD PROPERT          | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    288582 | NS      | $5849557.14   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Chartwell Retirement Residences               | CHARTWELL RETIRE          | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | CORP              | CA        |    247464 | NS      | $3337119.66   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifestyle Communities Ltd.                    | LIFESTYLE COMMUN          | CUSIP: Q5557L143<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   1264492 | NS      | $4686416.21   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Independence Realty Trust Inc                 | INDEPENDENCE REA          | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    490361 | NS      | $8880437.71   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTDC Ltd.                                   | NEXTDC Ltd                | CUSIP: Q6750Y106<br>LEI: 529900RTERU3X7G3D672 | Long             | EC               | CORP              | AU        |    204017 | NS      | $2191956.86   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |    623754 | NC      | $-715.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   3249979 | NC      | $-414.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Brixmor Property Group Inc                    | BRIXMOR PROPERTY          | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    257085 | NS      | $7195809.15   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                           | ACADIA REALTY             | CUSIP: 004239109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    358213 | NS      | $7167842.13   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc                    | AMERICOLD REALTY          | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |    570736 | NS      | $8241427.84   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TAG Immobilien AG                             | TAG IMMOBILIEN            | CUSIP: D8283Q174<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |    124781 | NS      | $2235245.30   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| RioCan Real Estate Investment Trust           | RIOCAN REIT               | CUSIP: 766910103<br>LEI: 549300S8HVUSEU3JBY60 | Long             | EC               | CORP              | CA        |     71907 | NS      | $967591.19    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                 | EQUINIX INC               | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     15543 | NS      | $12219751.17  | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Empiric Student Property PLC                  | EMPIRIC STUDENT           | CUSIP: G30381100<br>LEI: 213800FPF38IBPRFPU87 | Long             | EC               | CORP              | GB        |   1952037 | NS      | $2385103.66   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITE Group PLC                               | UNITE GROUP/THE           | CUSIP: G9283N101<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               | CORP              | GB        |   1439041 | NS      | $13582089.13  | 5.41%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                           | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |    125624 | NC      | $-259.35      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Instone Real Estate Group Se                  | INSTONE REAL EST          | CUSIP: D3706C100<br>LEI: 391200DINUIRPDZQHX03 | Long             | EC               | CORP              | DE        |    552174 | NS      | $5977865.82   | 2.38%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Cibus Nordic Real Estate AB                   | CIBUS NORDIC PUB          | CUSIP: W24214103<br>LEI: 549300PW36MFK96GCR23 | Long             | EC               | CORP              | SE        |     15925 | NS      | $286789.44    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Welltower OP LLC                              | WELLTOWER INC             | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |     15355 | NS      | $2583939.40   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH                                           | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |  25215958 | PA      | $25215957.91  | 10.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Catena AB                                     | CATENA AB                 | CUSIP: W2356E100<br>LEI: 549300EMLM7AH5LDLY65 | Long             | EC               | CORP              | SE        |     60641 | NS      | $2786529.63   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corporation                    | AMERICAN TOWER C          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     60266 | NS      | $12285224.10  | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Primaris Real Estate Investment Trust         | PRIMARIS REIT             | CUSIP: 74167K109<br>LEI: 549300WUM45OXSEVOT03 | Long             | EC               | CORP              | CA        |    533691 | NS      | $5836850.64   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** James Alpha Funds Trust

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Asst Treasurer