497 1 jaftglobalrealestate497s.htm 497

James Alpha Funds Trust

 

FUND Class A Class C Class I Class R6
James Alpha Global Real Estate Investments Fund JAREX JACRX JARIX JARSX

(the “Fund”)

 

Supplement dated July 8, 2021 to the Prospectus, Summary Prospectuses, and
Statement of Additional Information of the Fund, each dated March 22, 2021

 

This Supplement updates and supersedes any contrary information contained in the Prospectus, Summary Prospectuses, and Statement of Additional Information.

 

Effective on or about July 30, 2021, the name of the Fund will change as set forth below.

 

Current Fund Name New Fund Name
James Alpha Global Real Estate Investments Fund Easterly Global Real Estate Fund

 

 

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You should read this Supplement in conjunction with the Prospectus, Summary Prospectuses, and Statement of Additional Information, each dated March 22, 2021. Please retain this Supplement for future reference.