0001752724-23-246891.txt : 20231114
0001752724-23-246891.hdr.sgml : 20231114
20231114101015
ACCESSION NUMBER: 0001752724-23-246891
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230831
FILED AS OF DATE: 20231114
DATE AS OF CHANGE: 20231114
EFFECTIVENESS DATE: 20231114
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: SARATOGA ADVANTAGE TRUST
CENTRAL INDEX KEY: 0000924628
IRS NUMBER: 137044280
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0831
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-08542
FILM NUMBER: 231402351
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
0000924628
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Mid Capitalization Portfolio - Class I
SMIPX
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Mid Capitalization Portfolio - Class C
SPMCX
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Mid Capitalization Portfolio - Class A
SPMAX
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Technology & Communications Portfolio
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Technology & Communications Portfolio Class I
STPIX
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Technology & Communications Portfolio Class C
STPCX
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Technology & Communications Portfolio Class A
STPAX
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S000010887
Investment Quality Bond Portfolio
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Investment Quality Bond Portfolio Class A
SQBAX
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Investment Quality Bond Portfolio Class I
SIBPX
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Investment Quality Bond Portfolio Class C
SQBCX
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S000010888
Municipal Bond Portfolio
C000030167
Municipal Bond Portfolio Class A
SMBAX
C000030168
Municipal Bond Portfolio Class I
SMBPX
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Municipal Bond Portfolio Class C
SMBCX
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Large Capitalization Value Portfolio
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Large Capitalization Value Portfolio Class A
SLVYX
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Large Capitalization Value Portfolio Class I
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Small Capitalization Portfolio
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Small Capitalization Portfolio Class I
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International Equity Portfolio
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SIEYX
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International Equity Portfolio Class I
SIEPX
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International Equity Portfolio Class C
SIECX
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Financial Services Portfolio
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Financial Services Portfolio Class I
SFPIX
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Financial Services Portfolio Class C
SFPCX
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Financial Services Portfolio Class A
SFPAX
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Energy & Basic Materials Portfolio
C000030191
Energy & Basic Materials Class I
SEPIX
C000030193
Energy & Basic Materials Class C
SEPCX
C000030194
Energy & Basic Materials Class A
SBMBX
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S000060149
Aggressive Balanced Allocation Portfolio
C000196871
Aggressive Balanced Allocation Portfolio Class A
SABAX
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Aggressive Balanced Allocation Portfolio Class C
SABCX
C000196873
Aggressive Balanced Allocation Portfolio Class I
SABIX
0000924628
S000060150
Conservative Balanced Allocation Portfolio
C000196874
Conservative Balanced Allocation Portfolio Class A
SCAAX
C000196875
Conservative Balanced Allocation Portfolio Class C
SUMCX
C000196876
Conservative Balanced Allocation Portfolio Class I
LUNAX
0000924628
S000060151
Moderate Balanced Allocation Portfolio
C000196877
Moderate Balanced Allocation Portfolio Class A
SMPAX
C000196878
Moderate Balanced Allocation Portfolio Class C
SBMCX
C000196879
Moderate Balanced Allocation Portfolio Class I
SBMIX
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S000060152
Moderately Aggressive Balanced Allocation Portfolio
C000196880
Moderately Aggressive Balanced Allocation Portfolio Class A
SAMAX
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Moderately Aggressive Balanced Allocation Portfolio Class C
SAMCX
C000196882
Moderately Aggressive Balanced Allocation Portfolio Class I
SAMIX
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S000060153
Moderately Conservative Balanced Allocation Portfolio
C000196883
Moderately Conservative Balanced Allocation Portfolio Class A
SMACX
C000196884
Moderately Conservative Balanced Allocation Portfolio Class C
SBCCX
C000196885
Moderately Conservative Balanced Allocation Portfolio Class I
SMICX
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Saratoga Advantage Trust
811-08542
0000924628
549300ELDSPPW4ZGNR88
12725 W. Indian School Road, Suite E-101
Avondale
85392
US-AZ
US
623-266-4567
Ultimus Fund Solutions, LLC
4221 N 203rd Street, Suit 100
Elkhorn
68022
855-891-0092
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Floyd E. Seal
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Patrik H. McCollaugh
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Frederick Teufel
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223 Wilmington West Chester Pike
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Rule 32a-4 (17 CFR 270.32a-4)
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Rule 32a-4 (17 CFR 270.32a-4)
Rule 10f-3 (17 CFR 270.10f-3)
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Saratoga Capital Management, LLC
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Saratoga Energy & Basic Materials Portfolio
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Rule 10f-3 (17 CFR 270.10f-3)
Rule 32a-4 (17 CFR 270.32a-4)
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N
Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
Smith Group Asset Management
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Ultimus Fund Solutions, LLC.
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BNY Mellon Corp.
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Ultimus Fund Solutions, LLC.
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Filing Number
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Ultimus Fund Solutions, LLC.
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Rule 10f-3 (17 CFR 270.10f-3)
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
Y
N
Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
ICE Data Services
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BNY Mellon Corp.
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N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
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Ultimus Fund Solutions, LLC.
84-05829
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Ultimus Fund Solutions, LLC.
84-05829
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Rule 32a-4 (17 CFR 270.32a-4)
Rule 10f-3 (17 CFR 270.10f-3)
Y
Y
Y
N
Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
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ICE Data Services
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BNY Mellon Corp.
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Ultimus Fund Solutions, LLC.
84-05829
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Ultimus Fund Solutions, LLC.
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Money Market Fund
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Rule 32a-4 (17 CFR 270.32a-4)
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N
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Saratoga Capital Management, LLC
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N/A
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Ultimus Fund Solutions, LLC.
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Ultimus Fund Solutions, LLC.
84-05829
N/A
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Rule 32a-4 (17 CFR 270.32a-4)
Rule 10f-3 (17 CFR 270.10f-3)
Y
N
N
N
Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
Oak Associates, Ltd.
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N/A
N
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
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ICE Data Services
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BNY Mellon Corp.
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Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
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Ultimus Fund Solutions, LLC.
84-05829
Filing Number
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Ultimus Fund Solutions, LLC.
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Filing Number
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SG Securities
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Rule 32a-4 (17 CFR 270.32a-4)
Rule 10f-3 (17 CFR 270.10f-3)
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Y
Y
N
Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
ICE Data Services
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BNY Mellon Corp.
4EP6JBYBTPTQ47LZOB67
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Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
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Ultimus Fund Solutions, LLC.
84-05829
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Ultimus Fund Solutions, LLC.
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Saratoga Financial Services Portfolio
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BNY Mellon Corp.
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Rule 32a-4 (17 CFR 270.32a-4)
Rule 10f-3 (17 CFR 270.10f-3)
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Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
Smith Group Asset Management
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Ultimus Fund Solutions, LLC.
84-05829
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Ultimus Fund Solutions, LLC.
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Filing Number
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Ultimus Fund Solutions, LLC.
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Saratoga Moderately Aggressive Balanced Allocation Portfolio
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Rule 32a-4 (17 CFR 270.32a-4)
Rule 10f-3 (17 CFR 270.10f-3)
Y
Y
Y
N
Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
ICE Data Services
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Filing Number
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BNY Mellon Corp.
4EP6JBYBTPTQ47LZOB67
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Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
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Ultimus Fund Solutions, LLC.
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Ultimus Fund Solutions, LLC.
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BNY Mellon Corp.
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928492.77194520
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Saratoga Investment Quality Bond Portfolio
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N
BNY Mellon Corp.
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N/A
0.00000000
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Rule 32a-4 (17 CFR 270.32a-4)
Rule 10f-3 (17 CFR 270.10f-3)
Y
N
N
N
Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
ICE Data Services
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N/A
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BNY Mellon Corp.
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Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
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Ultimus Fund Solutions, LLC.
84-05829
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Ultimus Fund Solutions, LLC.
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Saratoga International Equity Portfolio
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BNY Mellon Corp.
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Rule 32a-4 (17 CFR 270.32a-4)
Rule 10f-3 (17 CFR 270.10f-3)
Y
Y
Y
Y
Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
Smith Group Asset Management
801-50835
000106301
N/A
N
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
ICE Data Services
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N/A
N
N
BNY Mellon Corp.
4EP6JBYBTPTQ47LZOB67
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
N
Instinet, Inc.
008-23669
000007897
549300MGMN3RKMU8FT57
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3291013.92473972
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Saratoga Municipal Bond Portfolio
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Fund of Funds
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BNY Mellon Corp.
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Rule 10f-3 (17 CFR 270.10f-3)
Rule 32a-4 (17 CFR 270.32a-4)
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Y
Y
N
Saratoga Capital Management, LLC
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000112021
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Ultimus Fund Solutions, LLC.
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N
N
ICE Data Services
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BNY Mellon Corp.
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Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
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Ultimus Fund Solutions, LLC.
84-05829
Filing Number
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Ultimus Fund Solutions, LLC.
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N
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BNY Mellon Corp.
008-51710
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N
617640.31186301
0.00000000
N
N
N
N
Saratoga Large Capitalization Growth Portfolio
S000010890
549300W9B217D8BFVD96
N
3
0
0
N/A
N
N
Y
N
N
BNY Mellon Corp.
HPFHU0OQ28E4N0NFVK49
N
N
N/A
345837.28
424.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Y
N
N
N
Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
Smith Group Asset Management
801-50835
000106301
N/A
N
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
ICE Data Services
N/A
Filing Number
N
N
BNY Mellon Corp.
4EP6JBYBTPTQ47LZOB67
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
Instinet, Inc.
008-23669
000007897
549300MGMN3RKMU8FT57
2328.35000000
2328.35000000
Instinet, Inc.
008-23669
000007897
549300MGMN3RKMU8FT57
3012093.64789000
3012093.64789000
N
23370328.58194521
0.00000000
N
N
N
N
Saratoga Mid Capitalization Portfolio
S000010885
549300KZLUYNC6EKP264
N
3
0
0
N/A
N
N
Y
N
N
BNY Mellon Corp.
HPFHU0OQ28E4N0NFVK49
N
N
N/A
26174.84
230.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Rule 10f-3 (17 CFR 270.10f-3)
Y
N
N
N
Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
Vaughn Nelson Investment Management
801-51795
000106975
549300FRU9FLMWI67N43
N
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
ICE Data Services
N/A
N/A
N
N
BNY Mellon Corp.
4EP6JBYBTPTQ47LZOB67
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
N
Instinet, Inc.
008-23669
000007897
549300MGMN3RKMU8FT57
2495.21999999
Raymond James
008-10999
000000705
U4ONQX15J3RO8XCKE979
23.79000000
JPMorgan Chase
008-35008
000000079
ZBUT11V806EZRVTWT807
289.48000000
Cantor Fitzgerald
008-00201
000159296
549300DWZ3YOKJO5X179
317.56000000
Liquidnet
008-52461
000103987
213800HSKBBO1GCVRG79
1427.95000000
UBS
008-22651
000007654
T6FIZBDPKLYJKFCRVK44
195.68000000
Virtu Financial
008-51262
000045986
5493006FX0HRYU3G2R47
185.00000000
Keefe, Bruyette & Woods
008-10888
000000481
549300OM47DQV01G4854
125.14000000
Jones Trading
008-26089
000006888
2138008JJ5PA8H5UIL69
39.20000000
Oppenheimer & Co.
008-4077
000000249
254900VH02JQR2L8XD64
595.76000000
5741.35000000
Liquidnet
008-52461
000103987
213800HSKBBO1GCVRG79
309.88000000
309.88000000
N
10779724.85183560
0.00000000
N
N
N
N
Saratoga Health & Biotechnology Portfolio
S000010884
549300OYXRTQUB32LX72
N
3
0
0
N/A
N
N
Y
N
N
BNY Mellon Corp.
HPFHU0OQ28E4N0NFVK49
N
N
N/A
52672.57
137.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Rule 10f-3 (17 CFR 270.10f-3)
Y
N
N
N
Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
Oak Associates, Ltd.
801-23632
000108874
N/A
N
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
ICE Data Services
N/A
N/A
N
N
BNY Mellon Corp.
4EP6JBYBTPTQ47LZOB67
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
N
Ultimus Fund Solutions, LLC.
84-05829
Filing Number
N
N
N
Instinet, Inc.
008-23669
000007897
549300MGMN3RKMU8FT57
3466.24000000
Cowen Group
008-22522
000007616
549300WR155U7DVMIW58
4119.60000000
SG Securities
008-68732
000155643
549300X7ULDGXKFTX656
HK
31.44000000
7617.28000000
0.00000000
N
12260596.82619177
0.00000000
N
N
N
N
Saratoga Large Capitalization Value Portfolio
S000010889
549300VVCVCQGX1GVA16
N
3
0
0
N/A
N
N
Y
N
N
BNY Mellon Corp.
HPFHU0OQ28E4N0NFVK49
N
N
N/A
1113868.12
1419.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Y
N
N
N
Saratoga Capital Management, LLC
801-46534
000112021
N/A
N
M.D. Sass Investors Services, Inc.
801-8663
000110590
549300IHKL0WTV30Z357
N
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
ICE Data Services
N/A
Filing Number
N
N
BNY Mellon Corp.
4EP6JBYBTPTQ47LZOB67
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
Ultimus Fund Solutions, LLC.
84-05829
N/A
N
N
N
Cowen Group
008-22522
000007616
549300WR155U7DVMIW58
22211.56000000
22211.56000000
0.00000000
N
20378896.17120547
0.00000000
N
N
N
N
true
INTERNAL CONTROL RPT
2
Saratoga83123NCEN.txt
NCEN IC LETTER SARATOGA
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM
Shareholders and Board of Trustees
Saratoga Advantage Trust
In planning and performing our audits of the financial
statements of the Large Capitalization Value Portfolio,
Large Capitalization Growth Portfolio, Mid
Capitalization Portfolio, Small Capitalization Portfolio,
International Equity Portfolio, Health and Biotechnology
Portfolio, Technology and Communications Portfolio,
Energy and Basic Materials Portfolio, Financial Services
Portfolio, Investment Quality Bond Portfolio, Municipal
Bond Portfolio, U.S. Government Money Market
Portfolio, Aggressive Balanced Allocation Portfolio,
Conservative Balanced Allocation Portfolio, Moderate
Balanced Allocation Portfolio, Moderately Aggressive
Balanced Allocation Portfolio, Moderately Conservative
Balanced Allocation Portfolio, (the "Funds"), as of and
for the year ended August 31, 2023, in accordance with
the standards of the Public Company Accounting
Oversight Board (United States), we considered the
Funds' internal control over financial reporting,
including controls over safeguarding securities, as a
basis for designing our auditing procedures for the
purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form
N-CEN, but not for the purpose of expressing an opinion
on the effectiveness of the Funds' internal control over
financial reporting. Accordingly, we express no such
opinion.
The management of the Funds is responsible for
establishing and maintaining effective internal control
over financial reporting. In fulfilling this responsibility,
estimates and judgments by management are required to
assess the expected benefits and related costs of controls.
A company's internal control over financial reporting is
a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of financial statements for external purposes
in accordance with generally accepted accounting
principles. A company's internal control over financial
reporting includes those policies and procedures that (1)
pertain to the maintenance of records that, in reasonable
detail, accurately and fairly reflect the transactions and
dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in
accordance with generally accepted accounting
principles, and that receipts and expenditures of the
company are being made only in accordance with
authorizations of management and directors of the
company; and (3) provide reasonable assurance
regarding prevention or timely detection of unauthorized
acquisition, use or disposition of a company's assets that
could have a material effect on the financial statements.
Because of inherent limitations, internal control over
financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in
conditions, or that the degree of compliance with the
policies or procedures may deteriorate.
A deficiency in internal control over financial reporting
exists when the design or operation of a control does not
allow management or employees, in the normal course
of performing their assigned functions, to prevent or
detect misstatements on a timely basis. A material
weakness is a deficiency, or combination of deficiencies,
in internal control over financial reporting, such that
there is a reasonable possibility that a material
misstatement of the company's annual or interim
financial statements will not be prevented or detected on
a timely basis.
Our consideration of the Funds' internal control over
financial reporting was for the limited purpose described
in the first paragraph and would not necessarily disclose
all deficiencies in internal control that might be material
weaknesses under standards established by the Public
Company Accounting Oversight Board (United States).
However, we noted no deficiencies in the Funds'
internal control over financial reporting and its
operation, including controls over safeguarding
securities, that we consider to be material weaknesses as
defined above as of August 31, 2023.
This report is intended solely for the information and use
of management, the Board of Trustees of the Saratoga
Advantage Trust and the Securities and Exchange
Commission and is not intended to be and should not be
used by anyone other than these specified parties.
TAIT, WELLER & BAKER LLP
Philadelphia, Pennsylvania
October 30, 2023
taitweller.com
Shareholders and Board of Trustees
Saratoga Advantage Trust
Page Two