Saratoga Advantage Trust: Mid Capitalization Portfolio; Class I Shares (SMIPX)

Overview

The Portfolio is primarily focused on investing a minimum of 80% of its assets into equity securities of companies that have market capitalizations within the range of those listed in the Russell Midcap® Index at the time of purchase. These equity securities comprise common stocks, preferred stocks, securities convertible into common stocks, and warrants. The investment strategy emphasizes selecting companies that are considered by the Adviser to be undervalued in the market, aiming for above-average potential for capital appreciation. This approach targets mid-cap companies that present a significant growth opportunity but may have been overlooked by the market and thus are priced below their perceived true value.

Products and Services

• Equity Securities: The Portfolio focuses on investing in a range of equity securities, which include:

  • Common stocks: Shares representing ownership in a company, giving holders voting rights and a share in the firm's profits through dividends and capital appreciation.

  • Preferred stocks: A class of ownership in a corporation with a fixed dividend, receiving payment before common stock dividends are issued, without the voting rights typically given to common stock.

  • Securities convertible into common stocks: Financial instruments such as bonds or preferred shares that can be converted into a predetermined number of common stock or equity shares.

  • Warrants: Options issued by a company that give the holder the right to purchase the company’s stock at a specific price before the expiration date.

• Investment in Undervalued Companies: By focusing on companies believed to be undervalued in the market, the Portfolio seeks to invest in opportunities that offer the potential for above-average capital appreciation. This is achieved through a meticulous evaluation process conducted by the Adviser, identifying firms with strong fundamentals that are trading below their intrinsic value.