497 1 jaft1130_497s.htm 497

James Alpha Funds Trust

 

FUND Class A Class C Class I Class R6
James Alpha Total Hedge Portfolio N/A N/A JTHIX JTHSX
James Alpha EHS Fund N/A N/A JEHIX JAHSX
James Alpha Structured Credit Value Fund JASVX JSVCX JSVIX JASSX

(each a “Fund” and collectively the “Funds”)

 

Supplement dated July 9, 2021 to the Prospectus, Summary Prospectuses, and
Statement of Additional Information of the Funds, 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 August 23, 2021, the name of each Fund will change as set forth below.

 

Current Fund Name New Fund Name
James Alpha Total Hedge Portfolio Easterly Total Hedge Portfolio
James Alpha EHS Fund Easterly EHS Fund
James Alpha Structured Credit Value Fund Easterly Structured Credit Value 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.