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 S000010883 U.S. Government Money Market Portfolio C000030147 U.S. Government Money Market Portfolio Class A SGAXX C000030148 U.S. Government Money Market Portfolio Class I SGMXX C000030150 U.S. Government Money Market Portfolio Class C SZCXX 0000924628 S000010884 Health & Biotechnology Portfolio C000030151 Health & Biotechnology Portfolio Class I SBHIX C000030153 Health & Biotechnology Porfolio Class C SHPCX C000030154 Health & Biotechnology Portfolio Class A SHPAX 0000924628 S000010885 Mid Capitalization Portfolio C000030155 Mid Capitalization Portfolio - Class I SMIPX C000030157 Mid Capitalization Portfolio - Class C SPMCX C000030158 Mid Capitalization Portfolio - Class A SPMAX 0000924628 S000010886 Technology & Communications Portfolio C000030159 Technology & Communications Portfolio Class I STPIX C000030161 Technology & Communications Portfolio Class C STPCX C000030162 Technology & Communications Portfolio Class A STPAX 0000924628 S000010887 Investment Quality Bond Portfolio C000030163 Investment Quality Bond Portfolio Class A SQBAX C000030164 Investment Quality Bond Portfolio Class I SIBPX C000030166 Investment Quality Bond Portfolio Class C SQBCX 0000924628 S000010888 Municipal Bond Portfolio C000030167 Municipal Bond Portfolio Class A SMBAX C000030168 Municipal Bond Portfolio Class I SMBPX C000030170 Municipal Bond Portfolio Class C SMBCX 0000924628 S000010889 Large Capitalization Value Portfolio C000030171 Large Capitalization Value Portfolio Class A SLVYX C000030172 Large Capitalization Value Portfolio Class I SLCVX C000030174 Large Capitalization Value Portfolio Class C SLVCX 0000924628 S000010890 Large Capitalization Growth Portfolio C000030175 Large Capitalization Growth Portfolio Class A SLGYX C000030176 Large Capitalization Growth Portfolio Class I SLCGX C000030178 Large Capitalization Growth Portfolio Class C SLGCX 0000924628 S000010891 Small Capitalization Portfolio C000030179 Small Capitalization Portfolio Class A SSCYX C000030180 Small Capitalization Portfolio Class I SSCPX C000030182 Small Capitalization Portfolio Class C SSCCX 0000924628 S000010892 International Equity Portfolio C000030183 International Equity Portfolio Class A SIEYX C000030184 International Equity Portfolio Class I SIEPX C000030186 International Equity Portfolio Class C SIECX 0000924628 S000010893 Financial Services Portfolio C000030187 Financial Services Portfolio Class I SFPIX C000030189 Financial Services Portfolio Class C SFPCX C000030190 Financial Services Portfolio Class A SFPAX 0000924628 S000010894 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 0000924628 S000060149 Aggressive Balanced Allocation Portfolio C000196871 Aggressive Balanced Allocation Portfolio Class A SABAX C000196872 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 0000924628 S000060152 Moderately Aggressive Balanced Allocation Portfolio C000196880 Moderately Aggressive Balanced Allocation Portfolio Class A SAMAX C000196881 Moderately Aggressive Balanced Allocation Portfolio Class C SAMCX C000196882 Moderately Aggressive Balanced Allocation Portfolio Class I SAMIX 0000924628 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 N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000924628 XXXXXXXX 811-08542 N-1A S000010891 C000030182 C000030180 C000030179 S000060150 true S000010894 C000030193 C000030191 C000030194 S000060149 true S000060153 true S000010883 C000030147 C000030148 C000030150 S000010886 C000030162 C000030161 C000030159 S000060151 true S000010893 C000030189 C000030190 C000030187 S000060152 true S000010887 C000030166 C000030164 C000030163 S000010892 C000030184 C000030183 C000030186 S000010888 C000030170 C000030167 C000030168 S000010890 C000030178 C000030175 C000030176 S000010885 C000030158 C000030157 C000030155 S000010884 C000030151 C000030154 C000030153 S000010889 C000030174 C000030171 C000030172 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 Fund Accounting and Transfer Agent Records N N N-1A 17 Y Udo Koopmann N/A N Floyd E. Seal N/A N Bruce Ventimiglia N/A Y Stephen H. Hamrick N/A N Patrik H. McCollaugh N/A N Frederick Teufel N/A 223 Wilmington West Chester Pike Suite 216 Chadds Ford 19317 XXXXXX N N N N N N Northern Lights Distributors 8-065857 N/A N/A N N Tait, Weller and Baker LLP 445 N/A N N N N N N Saratoga Small Capitalization Portfolio S000010891 549300JKQO6E12ZU8065 N 3 0 0 N/A N N Y N N BNY Mellon Corp. HPFHU0OQ28E4N0NFVK49 N N N/A 384056.86 823.00000000 Rule 10f-3 (17 CFR 270.10f-3) Rule 32a-4 (17 CFR 270.32a-4) Y N N N Saratoga Capital Management, LLC 801-46534 000106975 N/A N Zacks Investment Management, Inc. 801-40592 000110897 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 ITG 008-44218 000029299 549300S41SMIODVIT266 2411.69999999 BNY Mellon Corp. 008-51710 000047268 4EP6JBYBTPTQ47LZOB67 208.37000000 2620.07000000 0.00000000 N 5985316.08024657 0.00000000 N N N N Saratoga Conservative Balanced Allocation Portfolio S000060150 549300D09UXWFYE54D80 N 3 0 0 Fund of Funds N N N N N/A 0.00000000 0.00000000 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 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 0 BNY Mellon Corp. 008-51710 000047268 4EP6JBYBTPTQ47LZOB67 2023634.16077186 1942999.01 N 2677215.12728767 0.00000000 N N N N Saratoga Energy & Basic Materials Portfolio S000010894 5493007VDLF2KYFPYM79 N 3 0 0 N/A N N Y N BNY Mellon Corp. HPFHU0OQ28E4N0NFVK49 N N N/A 0.00000000 0.00000000 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 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 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 730.80000000 730.80000000 0.00000000 N 1582426.43805479 0.00000000 N N N N Saratoga Aggressive Balanced Allocation Portfolio S000060149 549300ZH2TCOP3GO9761 N 3 0 0 Fund of Funds N N N N N/A 0.00000000 0.00000000 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 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 0 BNY Mellon Corp. 008-51710 000047268 4EP6JBYBTPTQ47LZOB67 628195.87768058 585500.66 N 1015184.47610958 0.00000000 N N N N Saratoga Moderately Conservative Balanced Allocation Portfolio S000060153 549300JK5HWV5EWUC113 N 3 0 0 Fund of Funds N N N N N/A 0.00000000 0.00000000 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 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 0 BNY Mellon Corp. 008-51710 000047268 4EP6JBYBTPTQ47LZOB67 918079.86560646 897280.24 N 553419.30627397 0.00000000 N N N N Saratoga U.S. Government Money Market Portfolio S000010883 549300HUKMZ1LNQW2442 N 3 0 0 Money Market Fund N N N N N/A 0.00000000 0.00000000 Rule 32a-4 (17 CFR 270.32a-4) 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 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 0.00000000 0.00000000 N 5364313.89578082 N N N Saratoga Technology & Communications Portfolio S000010886 54930029EHQ02NN11L73 N 3 0 0 N/A N N Y N N BNY Mellon Corp. HPFHU0OQ28E4N0NFVK49 N N N/A 1113834.79 1199.00000000 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 SG Securities 008-68732 000155643 549300X7ULDGXKFTX656 HK 304.60000000 Instinet, Inc. 008-23669 000007897 549300MGMN3RKMU8FT57 392.41000000 Cowen Group 008-22522 000007616 549300WR155U7DVMIW58 4262.68000000 4959.69000000 0.00000000 N 36572796.40780822 0.00000000 N N N N Saratoga Moderate Balanced Allocation Portfolio S000060151 549300P4TRZFLY6SMX86 N 3 0 0 Fund of Funds N N N N N/A 0.00000000 0.00000000 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 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 0 BNY Mellon Corp. 008-51710 000047268 4EP6JBYBTPTQ47LZOB67 1214019.27353945 1146996.50 N 1624277.40928767 0.00000000 N N N N Saratoga Financial Services Portfolio S000010893 5493003OSJQMQNHI7H73 N 3 0 0 N/A N N Y N BNY Mellon Corp. HPFHU0OQ28E4N0NFVK49 N N N/A 0.00000000 0.00000000 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 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 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 155.72000000 155.72000000 0.00000000 N 1164981.50013698 0.00000000 N N N N Saratoga Moderately Aggressive Balanced Allocation Portfolio S000060152 549300A15ZS4E6GR3E06 N 3 0 0 Fund of Funds N N N N N/A 0.00000000 0.00000000 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 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 0 BNY Mellon Corp. 008-51710 000047268 4EP6JBYBTPTQ47LZOB67 549076.45658620 511594.80 N 928492.77194520 0.00000000 N N N N Saratoga Investment Quality Bond Portfolio S000010887 5493007VNC7B907YKU52 N 3 0 0 Fund of Funds N N Y N BNY Mellon Corp. HPFHU0OQ28E4N0NFVK49 N N N/A 0.00000000 0.00000000 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 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 0.00000000 BNY Mellon Corp. 008-51710 000047268 4EP6JBYBTPTQ47LZOB67 22716579.36810649 22716579.37 N 11285988.62071232 0.00000000 N N N N Saratoga International Equity Portfolio S000010892 549300P5EU6NL4HCSI29 N 3 0 0 N/A N N Y N N BNY Mellon Corp. HPFHU0OQ28E4N0NFVK49 N N N/A 83764.46 344.00000000 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 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 2328.94999999 2328.94999999 0.00000000 N 3291013.92473972 0.00000000 N N N N Saratoga Municipal Bond Portfolio S000010888 549300JU0M53CFGNX452 N 3 0 0 Fund of Funds N N Y N BNY Mellon Corp. HPFHU0OQ28E4N0NFVK49 N N N/A 0.00000000 0.00000000 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 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 0.00000000 BNY Mellon Corp. 008-51710 000047268 4EP6JBYBTPTQ47LZOB67 1326854.60351608 1326854.60 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