AIR PRODS & CHEM

NPORT-P false 0000924628 XXXXXXXX S000010894 C000030191 C000030193 C000030194 SARATOGA ADVANTAGE TRUST 811-08542 0000924628 549300ELDSPPW4ZGNR88 12725 W. Indian School Road Suite E-101 AVONDALE 85392 623-266-4567 Saratoga Energy & Basic Materials Portfolio S000010894 5493007VDLF2KYFPYM79 2025-08-31 2024-11-30 N 1382943.25 40025.79 1342917.46 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 372.54000000 N Air Products & Chemicals, Inc. 7QEON6Y1RL5XR3R1W237 AIR PRODS & CHEM 009158106 51.00000000 NS USD 17050.83000000 1.269685629078 Long EC CORP US N 1 N N N Anglo American PLC 549300S9XF92D1X8ME43 ANGLO AM-SP ADR 03485P300 1358.00000000 NS USD 21814.91000000 1.624441609389 Long EC CORP GB N 1 N N N BASF SE 529900PM64WH8AF1E917 BASF SE-ADR 055262505 1948.00000000 NS USD 21817.60000000 1.624641919541 Long EC CORP DE N 1 N N N BP PLC 213800LH1BZH3DI6G760 BP PLC-ADR 055622104 443.00000000 NS USD 12984.33000000 0.966874762355 Long EC CORP GB N 1 N N N Berry Global Group Inc 549300G6KKUMMXM8NH73 BERRY GLOBAL GRO 08579W103 329.00000000 NS USD 23789.99000000 1.771515428803 Long EC CORP US N 1 N N N BHP Group Ltd. WZE1WSENV6JSZFK0JC28 BHP GROUP-ADR 088606108 429.00000000 NS USD 22586.85000000 1.681923921072 Long EC CORP AU N 1 N N N B2Gold Corp. 549300F7OK456M5NLM05 B2GOLD CORP 11777Q209 7918.00000000 NS USD 22803.84000000 1.698082025085 Long EC CORP CA N 1 N N N Canadian Natural Resources Limited 549300T15RIMIKZC5Q38 CAN NATURAL RES 136385101 579.00000000 NS USD 19581.78000000 1.458152163722 Long EC CORP CA N 1 N N N Expand Energy Corp. X2MT1W32SPAZ9WSKLE78 EXPAND ENERGY CO 165167735 248.00000000 NS USD 24542.08000000 1.827519615390 Long EC CORP US N 1 N N N Chevron Corp. N/A CHEVRON CORP 166764100 633.00000000 NS USD 102501.69000000 7.632761733546 Long EC CORP US N 1 N N N Civitas Resources Inc IIVIHPH28S64K95M2381 CIVITAS RESOURCE 17888H103 380.00000000 NS USD 19714.40000000 1.468027677590 Long EC CORP US N 1 N N N ConocoPhillips Co. WPTL2Z3FIYTHSP5V2253 CONOCOPHILLIPS 20825C104 305.00000000 NS USD 33043.70000000 2.460590541432 Long EC CORP US N 1 N N N Diamondback Energy Inc 549300R22LSX6OHWEN64 DIAMONDBACK ENER 25278X109 179.00000000 NS USD 31788.61000000 2.367130590438 Long EC CORP US N 1 N N N Dow Inc 5493003S21INSLK2IP73 DOW INC 260557103 677.00000000 NS USD 29930.17000000 2.228742338341 Long EC CORP US N 1 N N N Dreyfus Instl Resv 549300FG0OZ5YKPLK622 DREYFUS-INS-IS 26200X100 22919.21000000 PA USD 22919.21000000 1.706673022182 Long STIV RF US N 1 N N N Eni SpA BUCRF72VH5RBN7X3VL35 ENI SPA-ADR 26874R108 1242.00000000 NS USD 34999.56000000 2.606233148536 Long EC CORP IT N 1 N N N EOG Resources Inc. XWTZDRYZPBUHIQBKDB46 EOG RESOURCES 26875P101 338.00000000 NS USD 45041.88000000 3.354031900069 Long EC CORP US N 1 N N N Eagle Materials Inc. 529900KRXRGXL61SG039 EAGLE MATERIALS 26969P108 70.00000000 NS USD 21624.40000000 1.610255331701 Long EC CORP US N 1 N N N Eastman Chemical Company FDPVHDGJ1IQZFK9KH630 EASTMAN CHEMICAL 277432100 256.00000000 NS USD 26808.32000000 1.996274588610 Long EC CORP US N 1 N N N Exxon Mobil Corp. J3WHBG0MTS7O8ZVMDC91 EXXON MOBIL CORP 30231G102 855.00000000 NS USD 100855.80000000 7.510200962015 Long EC CORP US N 1 N N N Freeport-McMoRan Inc. 549300IRDTHJQ1PVET45 FREEPORT-MCMORAN 35671D857 509.00000000 NS USD 22497.80000000 1.675292835942 Long EC CORP US N 1 N N N Glencore PLC 2138002658CPO9NBH955 GLENCORE PLC-ADR 37827X100 2574.00000000 NS USD 24736.91000000 1.842027580756 Long EC CORP JE N 1 N N N Halliburton Company ENYF8GB5SMQZ25S06U51 HALLIBURTON CO 406216101 770.00000000 NS USD 24532.20000000 1.826783903755 Long EC CORP US N 1 N N N Huntsman Corporation 5299000V56320A7RIQ67 HUNTSMAN CORP 447011107 429.00000000 NS USD 8399.82000000 0.625490415471 Long EC CORP US N 1 N N N International Paper Co. 824LMFJDH41EY779Q875 INTL PAPER CO 460146103 581.00000000 NS USD 34180.23000000 2.545221952807 Long EC CORP US N 1 N N N Kinder Morgan, Inc. 549300WR7IX8XE0TBO16 KINDER MORGAN IN 49456B101 1852.00000000 NS USD 52356.04000000 3.898678925508 Long EC CORP US N 1 N N N Kinross Gold Corp. 549300UEBMAQDN0K0R06 KINROSS GOLD 496902404 3360.00000000 NS USD 32625.60000000 2.429456833482 Long EC CORP CA N 1 N N N Magnera Corp. 549300LDQLQBT38QDY28 MAGNERA CORP 55939A107 90.00000000 NS USD 1843.20000000 0.137253409453 Long EC CORP US N 1 N N N Marathon Petroleum Corp. 3BNYRYQHD39K4LCKQF12 MARATHON PETROLE 56585A102 172.00000000 NS USD 26857.80000000 1.999959103964 Long EC CORP US N 1 N N N The Mosaic Company 2YD5STGSJNMUB7H76907 MOSAIC CO/THE 61945C103 992.00000000 NS USD 26248.32000000 1.954574334002 Long EC CORP US N 1 N N N Nucor Corporation 549300GGJCRSI2TIEJ46 NUCOR CORP 670346105 155.00000000 NS USD 23976.95000000 1.785437356663 Long EC CORP US N 1 N N N Oneok Inc. 2T3D6M0JSY48PSZI1Q41 ONEOK INC 682680103 429.00000000 NS USD 48734.40000000 3.628994443187 Long EC CORP US N 1 N N N Ovintiv Inc 2549003MEX7YMKLGI239 OVINTIV INC 69047Q102 633.00000000 NS USD 28750.86000000 2.140925325373 Long EC CORP US N 1 N N N PBF Energy Inc 2549003PBEDCSZMZIY02 PBF ENERGY INC-A 69318G106 574.00000000 NS USD 18075.26000000 1.345969543057 Long EC CORP US N 1 N N N POSCO Holdings Inc. 988400E5HRVX81AYLM04 POSCO-SPON ADR 693483109 325.00000000 NS USD 16776.50000000 1.249257716851 Long EC CORP KR N 1 N N N PPG Industries, Inc. 549300BKPEP01R3V6C59 PPG INDS INC 693506107 195.00000000 NS USD 24252.15000000 1.805930053214 Long EC CORP US N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 PETROBRAS SA-ADR 71654V408 3374.00000000 NS USD 48180.72000000 3.587764805738 Long EC CORP BR N 1 N N N Rio Tinto PLC 213800YOEO5OQ72G2R82 RIO TINTO-ADR 767204100 686.00000000 NS USD 43108.24000000 3.210043899496 Long EC CORP GB N 1 N N N Shell PLC 21380068P1DRHMJ8KU70 SHELL PLC-ADR 780259305 442.00000000 NS USD 28615.08000000 2.130814502925 Long EC CORP GB N 1 N N N Suncor Energy Inc. 549300W70ZOQDVLCHY06 SUNCOR ENERGY 867224107 1025.00000000 NS USD 40467.00000000 3.013364648635 Long EC CORP CA N 1 N N N Technip Energies N V 724500FLODI49NSCIP70 TECHN ADR - SPON 87854Y109 172.00000000 NS USD 4211.42000000 0.313602296897 Long EC CORP NL N 1 N N N TotalEnergies SE 529900S21EQ1BO4ESM68 TOTALENER-SP ADR 89151E109 364.00000000 NS USD 21108.36000000 1.571828547079 Long EC CORP FR N 1 N N N Vale S.A. 254900SMTWBX7RU2SR20 VALE SA-SP ADR 91912E105 2634.00000000 NS USD 25971.24000000 1.933941643740 Long EC CORP BR N 1 N N N Woodside Energy Group Ltd. 2549005ZC5RXAOO7FH41 WOODSIDE ENE-ADR 980228308 161.00000000 NS USD 2582.44000000 0.192300724126 Long EC CORP AU N 1 N N N Linde PLC 5299003QR1WT0EF88V51 LINDE PLC G54950103 73.00000000 NS USD 33652.27000000 2.505907548480 Long EC CORP IE N 1 N N N LyondellBasell Industries NV BN6WCCZ8OVP3ITUUVN49 LYONDELLBASELL-A N53745100 298.00000000 NS USD 24835.32000000 1.849355655856 Long EC CORP NL N 1 N N N 2024-12-27 SARATOGA ADVANTAGE TRUST Rich Gleason Rich Gleason Assistant Treasurer XXXX