James Alpha Macro A
Name
As of 03/19/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.7%
1 yr return
10.2%
3 Yr Avg Return
4.1%
5 Yr Avg Return
0.9%
Net Assets
$10.4 M
Holdings in Top 10
83.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.82%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 125.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/19/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GRRAX - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return 2.1%
- 5 Yr Annualized Total Return -0.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.33%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameJames Alpha Macro Portfolio
-
Fund Family NameSaratoga
-
Inception DateFeb 01, 2011
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerKevin Greene
Fund Description
GRRAX - Performance
Return Ranking - Trailing
Period | GRRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.7% | -8.5% | 7.2% | 26.53% |
1 Yr | 10.2% | -21.0% | 34.5% | 35.05% |
3 Yr | 4.1%* | -8.0% | 13.9% | 34.41% |
5 Yr | 0.9%* | -6.4% | 9.3% | 37.93% |
10 Yr | 0.7%* | -2.4% | 4.3% | 40.74% |
* Annualized
Return Ranking - Calendar
Period | GRRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.2% | -16.4% | 12.9% | 43.30% |
2022 | 0.7% | -9.3% | 17.5% | 33.33% |
2021 | -3.9% | -25.8% | 2.2% | 31.11% |
2020 | 0.7% | -5.1% | 21.0% | 68.75% |
2019 | -7.7% | -20.3% | 8.1% | 68.00% |
Total Return Ranking - Trailing
Period | GRRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.7% | -8.5% | 7.2% | 26.53% |
1 Yr | 3.8% | -25.0% | 34.5% | 63.92% |
3 Yr | 2.1%* | -9.2% | 11.7% | 46.24% |
5 Yr | -0.3%* | -6.4% | 8.0% | 50.57% |
10 Yr | 0.2%* | -2.4% | 4.3% | 44.44% |
* Annualized
Total Return Ranking - Calendar
Period | GRRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.2% | -16.4% | 12.9% | 43.30% |
2022 | 0.7% | -9.3% | 17.5% | 33.33% |
2021 | -3.9% | -20.3% | 2.5% | 31.11% |
2020 | 0.7% | -5.1% | 21.0% | 75.00% |
2019 | -7.7% | -20.3% | 10.8% | 73.33% |
NAV & Total Return History
GRRAX - Holdings
Concentration Analysis
GRRAX | Category Low | Category High | GRRAX % Rank | |
---|---|---|---|---|
Net Assets | 10.4 M | 2.1 M | 1.89 B | 85.71% |
Number of Holdings | 66 | 3 | 876 | 69.39% |
Net Assets in Top 10 | 16.7 M | -284 M | 2.04 B | 65.31% |
Weighting of Top 10 | 83.40% | 18.9% | 96.5% | 31.37% |
Top 10 Holdings
- Db Swap 3092 73.81%
- Db Swap 3092 73.81%
- Db Swap 3092 73.81%
- Db Swap 3092 73.81%
- Db Swap 3092 73.81%
- Db Swap 3092 73.81%
- Db Swap 3092 73.81%
- Db Swap 3092 73.81%
- Db Swap 3092 73.81%
- Db Swap 3092 73.81%
Asset Allocation
Weighting | Return Low | Return High | GRRAX % Rank | |
---|---|---|---|---|
Other | 53.46% | -2.72% | 74.75% | 7.14% |
Bonds | 28.12% | -1748.87% | 772.87% | 41.84% |
Cash | 12.59% | -735.41% | 1796.70% | 66.33% |
Stocks | 5.61% | -0.11% | 63.17% | 58.16% |
Preferred Stocks | 0.14% | 0.00% | 0.14% | 2.04% |
Convertible Bonds | 0.07% | 0.00% | 2.20% | 26.53% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GRRAX % Rank | |
---|---|---|---|---|
Basic Materials | 16.87% | 0.00% | 16.87% | 2.94% |
Technology | 15.15% | 0.00% | 45.08% | 72.06% |
Financial Services | 13.93% | 0.00% | 30.46% | 57.35% |
Industrials | 10.99% | 0.00% | 17.73% | 23.53% |
Healthcare | 9.71% | 0.00% | 20.01% | 42.65% |
Consumer Cyclical | 9.36% | 0.00% | 21.37% | 83.82% |
Communication Services | 6.99% | 0.03% | 20.12% | 76.47% |
Consumer Defense | 5.92% | 0.00% | 14.38% | 63.24% |
Real Estate | 4.66% | 0.28% | 99.97% | 19.12% |
Utilities | 3.38% | 0.00% | 4.63% | 30.88% |
Energy | 3.03% | 0.00% | 6.41% | 52.94% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GRRAX % Rank | |
---|---|---|---|---|
Non US | 3.47% | -0.41% | 40.44% | 44.90% |
US | 2.14% | -5.85% | 54.77% | 42.86% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GRRAX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 32.85% | 1.04% | 100.00% | 59.18% |
Derivative | 21.49% | 0.00% | 67.78% | 35.71% |
Government | 18.70% | 0.00% | 74.40% | 55.10% |
Securitized | 16.94% | 0.00% | 64.73% | 12.24% |
Corporate | 10.02% | 0.00% | 27.36% | 12.24% |
Municipal | 0.00% | 0.00% | 7.85% | 39.80% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GRRAX % Rank | |
---|---|---|---|---|
US | 15.88% | -1748.87% | 158.57% | 51.02% |
Non US | 12.24% | -77.11% | 658.37% | 33.67% |
GRRAX - Expenses
Operational Fees
GRRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.82% | 0.75% | 9.89% | 18.56% |
Management Fee | 1.10% | 0.65% | 2.99% | 40.82% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 35.94% |
Administrative Fee | 0.15% | 0.09% | 0.45% | 50.00% |
Sales Fees
GRRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 4.75% | 5.75% | 21.74% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
GRRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 16.67% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
GRRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 125.00% | 0.00% | 198.00% | 85.14% |
GRRAX - Distributions
Dividend Yield Analysis
GRRAX | Category Low | Category High | GRRAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.06% | 32.65% |
Dividend Distribution Analysis
GRRAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
GRRAX | Category Low | Category High | GRRAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.33% | -3.14% | 1.55% | 2.06% |
Capital Gain Distribution Analysis
GRRAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 21, 2015 | $0.118 | |
Dec 19, 2013 | $0.048 | |
Dec 19, 2012 | $0.125 | |
Dec 21, 2011 | $0.040 |
GRRAX - Fund Manager Analysis
Managers
Kevin Greene
Start Date
Tenure
Tenure Rank
Aug 04, 2016
4.57
4.6%
Kevin R. Greene serves as a Managing Partner of James Alpha Advisors, LLC and is responsible for overseeing the day to day management of the firm. . Mr. Greene is the former Chairman & CEO of Capital Resource Holdings, LLC the holding company parent of CRA RogersCasey, one of the leading pension consulting firms in the United States. Prior to CRA RogersCasey, he founded Bryant Park Capital, a privately held investment bank specializing in private equity financing and mergers and acquisitions for both private and public companies in the United States and Europe. Since 1991, Mr. Greene has served as the Chairman and CEO of KR Group, an international consulting and investment banking firm which he founded.
Michael Montague
Start Date
Tenure
Tenure Rank
Aug 04, 2016
4.57
4.6%
Michael J. Montague serves as Chief Operating Officer ofJames Alpha Advisors, LLC and is responsible for daily operations of the Manager as well as independent risk monitoring for the Manager’s funds. Most recently Mr. Montague worked as a Portfolio Manager for a global macro fund primarily responsible for commodity research and trading. Mr. Montague previously served as a Portfolio Manager for Chapin Hill Advisors, Inc., overseeing asset allocation, trading, and investment activity. Prior to Chapin Hill Advisors, Mr. Montague served as a Portfolio Manager for the Cayuga MBA Fund LLC, a long/short equity hedge fund. He began his career with Schlumberger where he spent six years working as a Senior Geophysicist in Schlumberger’s Oilfield Services division.
Akos Beleznay
Start Date
Tenure
Tenure Rank
Aug 04, 2016
4.57
4.6%
Akos Beleznay serves as Chief Investment Officer of James Alpha Advisors, LLC and is responsible for managing research and asset allocation for the firm. Prior to joining James Alpha Advisors, LLC, Mr. Beleznay was the Chief Investment Officer at Riverside, the asset management arm of HFR (Hedge Fund Research, Inc.) managing over one billion dollars of fund of hedge fund products. Before Riverside, Mr. Beleznay served as the Chief Investment Officer at Commerce Asset Management and CSG Asset Management with responsibility for managing funds of hedge funds and a hedge fund index replication product. Mr. Beleznay also served as the Director of Consulting Research for Equitas Capital Advisors, LLC from 2002 to 2010 and the Chief Investment Officer of Equitas Evergreen Fund LP, a fund of hedge funds with $300 million in assets, from 2003 to 2010. Mr. Beleznay has a PhD degree in Physics from Eotvos Lorand University, Hungary and an MBA from Tulane University.
James Vitalie
Start Date
Tenure
Tenure Rank
Aug 04, 2016
4.57
4.6%
James S. Vitalie serves as Chief Executive Officer of James Alpha Advisors, LLC and has over 20 years of experience successfully building financial services firms.. Formerly the Institutional Group Head of Old Mutual Capital serving on the Executive and Product Development Committees, Mr. Vitalie was responsible for distribution and marketing of mutual funds, separate accounts and registered hedge fund of fund products. Prior to Old Mutual, Mr. Vitalie was the President of Curian Capital, an industry leading managed account platform. At Curian, Mr. Vitalie created the infrastructure of the asset management firm, developed and executed its strategic plan, and served as the Chairman of the Investment Policy Committee. Additionally, Mr. Vitalie was President of Foliofn Institutional, a financial services and technology company. As President of Century Business Services (CBZ) Retirement and Wealth Management Services division Mr. Vitalie created the strategic direction of the company, led the acquisition and integration efforts for the division and established their broker dealer and registered investment advisor. While at CBZ Mr. Vitalie was also responsible for securing the financing and launching of Allbridge Solutions as well as serving as its President and COO. Prior to CBZ, Mr. Vitalie was a partner at The Benefits Group, where he was responsible for the pension and investment services group. Lastly, Mr. Vitalie practiced corporate transactional law at Eckert, Seamans, Cherin & Mellott. Mr. Vitalie is also an officer of the Trust.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 14.01 | 5.32 | 4.97 |