X0101 EFFECT 33 LIVE 2016-05-31 11:15:00

N-14

0000924628 SARATOGA ADVANTAGE TRUST 333-210921 0000924628 SARATOGA ADVANTAGE TRUST S000053933 James Alpha Hedged High Income Portfolio 0000915802 FINANCIAL INVESTORS TRUST S000043426 ALPS/Westport Resources Hedged High Income Fund C000134582 Class A 0000924628 SARATOGA ADVANTAGE TRUST S000053933 James Alpha Hedged High Income Portfolio 0000915802 FINANCIAL INVESTORS TRUST S000043426 ALPS/Westport Resources Hedged High Income Fund C000134583 Class C 0000924628 SARATOGA ADVANTAGE TRUST S000053933 James Alpha Hedged High Income Portfolio 0000915802 FINANCIAL INVESTORS TRUST S000043426 ALPS/Westport Resources Hedged High Income Fund C000134584 Class I