UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 14C
(RULE 14c-101)
SCHEDULE 14C INFORMATION
Information Statement Pursuant to Section 14(c)
of the Securities Exchange Act of 1934
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THE SARATOGA ADVANTAGE TRUST
(Name of Registrant as Specified in Its Charter)
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THE SARATOGA
ADVANTAGE TRUST
January 13, 2021
Dear Shareholder:
The enclosed document is for informational purposes only. You are not being asked to vote or take action on any matter. This information statement (“Information Statement”) provides information regarding the approval by the Board of Trustees (the “Board”) of the Saratoga Advantage Trust (the “Trust”) of a new sub-advisory agreement on behalf of the Trust’s James Alpha Hedged High Income Portfolio (the “Portfolio”).
As described in the enclosed Information Statement, on October 30, 2020, Lazard Asset Management LCC (“Lazard”) acquired the assets of Coherence Capital Partners LLC (“Coherence”)(the “Acquisition”). The Acquisition constituted a change in control of Coherence, resulting in the “assignment” under the Investment Company Act of 1940, as amended (the “1940 Act”) of the sub-advisory agreement between the James Alpha Advisors, LLC (“JAA”) and Coherence, resulting in its automatic termination.
The Board approved a new sub-advisory agreement between JAA and Lazard prior to the closing of the Acquisition, which took effect on October 30, 2020. This new sub-advisory agreement is not expected to result in any material changes to the Portfolio’s investment strategies or portfolio management team.
The enclosed Information Statement is provided in lieu of a proxy statement to shareholders of record of the Portfolio as of January 11, 2021. We Are Not Asking You For a Proxy and You Are Requested Not To Send Us a Proxy.
Sincerely,
Bruce E. Ventimiglia
President, CEO and
Chairman of the Board of Trustees