James Alpha EHS Portfolio I
Name
As of 08/12/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-14.8%
1 yr return
-11.2%
3 Yr Avg Return
7.5%
5 Yr Avg Return
N/A
Net Assets
$1.15 M
Holdings in Top 10
49.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 400.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 08/12/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
JEHIX - Profile
Distributions
- YTD Total Return -14.8%
- 3 Yr Annualized Total Return 7.5%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.72%
- Dividend Yield 0.8%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameEasterly EHS Fund
-
Fund Family NameSaratoga
-
Inception DateAug 18, 2017
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAkos Beleznay
Fund Description
The Fund seeks to achieve its investment objective by attempting to outperform the returns of a variety of hedged equity investment strategies. A hedged equity investment strategy typically involves establishing both long and short positions in equity or equity-linked instruments. A hedged equity strategy also may seek to manage risk by adopting top-down constraints on leverage, limits on net market exposure, net regional exposure and net sector exposure, position size limits, position stop-loss limits and parameters relating to the number of its positions. The Fund will seek to outperform the returns of various hedged equity investment strategies, such as, among others, equity market neutral, fundamental growth, fundamental value, quantitative directional strategies, short bias, and sectors such as energy, materials, technology, and healthcare.
The Fund expects to gain exposure to these asset classes primarily through exchange-traded products such as exchange-traded notes (ETNs), exchange-traded funds (ETFs) and mutual funds, including affiliated funds, although the Fund may invest directly in currencies, equities and fixed income securities. The Fund also expects to invest in derivative instruments to gain exposure to one or more asset classes, individual investments or investment strategies. The derivatives instruments that may be utilized by the Fund include options, futures, options on futures, forward contracts and swaps. Derivatives may also be used to generate leverage, seek to profit from the underlying assets price fluctuations, or hedge the Funds exposure to an asset class, individual investment or group of investments.
The Funds equity exposure may include exposure to both U.S. and non-U.S. common stocks and preferred stocks of any size market capitalization. The types of swaps in which the Fund may invest include, among others, total return, index and credit default swaps. The Fund may also invest in swaps having payments linked to the returns of indices, individual securities or pooled investment vehicles, including limited partnerships, limited liability companies, offshore corporations and commodity pools (collectively, Underlying Pools). There is no limit on the Funds exposure to foreign companies, which may include exposure to emerging markets.
In constructing the Funds investments, the Adviser employs proprietary techniques and models to evaluate the drivers of performance of private funds that utilize hedged equity strategies. The Adviser then identifies investments that it believes have similar drivers of performance to attempt to produce returns that correlate with, but are not identical to, the returns of the private funds tracked by the Adviser. The Adviser then determines the appropriate percentage that each particular investment strategy should represent of the entire Fund and weights the exposure to that investment strategy accordingly. The private fund returns on which the Advisers models are based are pulled from various sources and do not represent the returns of the entire private fund universe. The private fund returns tracked by the Adviser, the factors driving those returns and the percentage weightings assigned by the Adviser to each investment strategy are all expected to change over time.
Under normal market conditions, the Fund generally invests in a combination of over 75 individual investments, including primarily exchange-traded products and mutual funds.
JEHIX - Performance
Return Ranking - Trailing
Period | JEHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -14.8% | -45.3% | 36.8% | 88.83% |
1 Yr | -11.2% | -52.8% | 58.9% | 81.12% |
3 Yr | 7.5%* | -9.6% | 42.9% | 47.83% |
5 Yr | N/A* | -5.2% | 11.6% | N/A |
10 Yr | N/A* | -4.4% | 11.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | JEHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -8.9% | -40.0% | 54.1% | 87.83% |
2022 | 19.6% | -47.6% | 88.4% | 18.78% |
2021 | 11.6% | -20.3% | 62.6% | 37.79% |
2020 | -12.3% | -53.1% | 12.7% | 73.94% |
2019 | N/A | -67.1% | 21.9% | N/A |
Total Return Ranking - Trailing
Period | JEHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -14.8% | -45.3% | 36.8% | 84.26% |
1 Yr | -11.2% | -52.8% | 58.9% | 78.06% |
3 Yr | 7.5%* | -9.6% | 42.9% | 44.02% |
5 Yr | N/A* | -5.7% | 11.6% | N/A |
10 Yr | N/A* | -4.4% | 11.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | JEHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -8.9% | -40.0% | 54.1% | 87.83% |
2022 | 19.6% | -47.6% | 88.4% | 18.78% |
2021 | 11.6% | -20.3% | 62.6% | 37.79% |
2020 | -7.2% | -53.1% | 12.7% | 48.48% |
2019 | N/A | -12.7% | 24.8% | N/A |
NAV & Total Return History
JEHIX - Holdings
Concentration Analysis
JEHIX | Category Low | Category High | JEHIX % Rank | |
---|---|---|---|---|
Net Assets | 1.15 M | 818 K | 5.18 B | 99.02% |
Number of Holdings | 111 | 3 | 2670 | 40.31% |
Net Assets in Top 10 | 585 K | -175 M | 1.1 B | 89.29% |
Weighting of Top 10 | 49.38% | 1.5% | 100.0% | 34.94% |
Top 10 Holdings
- Easterly Income Opportunities R6 20.43%
- Recv Spw Index Swap B 6.17%
- Recv Spw Index Swap B 6.17%
- Recv Spw Index Swap B 6.17%
- Recv Spw Index Swap B 6.17%
- Recv Spw Index Swap B 6.17%
- Recv Spw Index Swap B 6.17%
- Recv Spw Index Swap B 6.17%
- Recv Spw Index Swap B 6.17%
- Recv Spw Index Swap B 6.17%
Asset Allocation
Weighting | Return Low | Return High | JEHIX % Rank | |
---|---|---|---|---|
Stocks | 67.94% | -2.90% | 119.13% | 43.65% |
Bonds | 17.48% | -48.31% | 152.17% | 8.12% |
Cash | 11.21% | -67.46% | 106.99% | 74.36% |
Convertible Bonds | 1.77% | -0.02% | 4.68% | 4.62% |
Other | 1.01% | -35.22% | 39.56% | 20.51% |
Preferred Stocks | 0.61% | 0.00% | 7.60% | 4.62% |
Stock Sector Breakdown
Weighting | Return Low | Return High | JEHIX % Rank | |
---|---|---|---|---|
Financial Services | 17.40% | 0.00% | 83.83% | 36.36% |
Healthcare | 15.04% | 0.00% | 100.00% | 47.16% |
Technology | 12.84% | 0.00% | 43.24% | 80.68% |
Consumer Cyclical | 10.85% | 0.00% | 88.83% | 46.02% |
Industrials | 10.32% | 0.00% | 31.93% | 52.27% |
Energy | 7.08% | 0.00% | 32.57% | 27.27% |
Communication Services | 6.57% | 0.00% | 32.32% | 56.82% |
Basic Materials | 5.83% | 0.00% | 28.58% | 17.05% |
Consumer Defense | 5.49% | 0.00% | 33.38% | 63.64% |
Real Estate | 5.38% | 0.00% | 10.93% | 17.05% |
Utilities | 3.20% | 0.00% | 21.71% | 19.89% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | JEHIX % Rank | |
---|---|---|---|---|
US | 44.01% | -24.26% | 116.70% | 62.56% |
Non US | 23.93% | -43.01% | 97.78% | 11.79% |
Bond Sector Breakdown
Weighting | Return Low | Return High | JEHIX % Rank | |
---|---|---|---|---|
Securitized | 33.71% | 0.00% | 33.71% | 0.52% |
Cash & Equivalents | 31.84% | 0.00% | 100.00% | 93.23% |
Derivative | 17.45% | 0.00% | 52.12% | 7.29% |
Corporate | 13.46% | 0.00% | 100.00% | 8.85% |
Government | 3.54% | 0.00% | 88.51% | 19.27% |
Municipal | 0.00% | 0.00% | 0.01% | 15.63% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | JEHIX % Rank | |
---|---|---|---|---|
US | 16.07% | -48.31% | 63.44% | 7.69% |
Non US | 1.41% | -0.33% | 22.00% | 6.15% |
JEHIX - Expenses
Operational Fees
JEHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.05% | 0.40% | 11.46% | 43.41% |
Management Fee | 1.00% | 0.00% | 2.50% | 32.68% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.03% | 1.54% | 52.00% |
Sales Fees
JEHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
JEHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | 20.00% |
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.
JEHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 400.00% | 0.00% | 479.00% | 96.05% |
JEHIX - Distributions
Dividend Yield Analysis
JEHIX | Category Low | Category High | JEHIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.82% | 0.00% | 18.51% | 12.68% |
Dividend Distribution Analysis
JEHIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
JEHIX | Category Low | Category High | JEHIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.72% | -3.33% | 2.88% | 48.76% |
Capital Gain Distribution Analysis
JEHIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Aug 08, 2022 | $0.056 | OrdinaryDividend |
Dec 24, 2020 | $0.079 | OrdinaryDividend |
Dec 24, 2019 | $0.239 | OrdinaryDividend |
Dec 13, 2018 | $0.163 | OrdinaryDividend |
JEHIX - Fund Manager Analysis
Managers
Akos Beleznay
Start Date
Tenure
Tenure Rank
Aug 18, 2017
4.79
4.8%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.55 | 5.98 | 7.93 |