James Alpha Hedged High Income Portfolio

Fund Profile

Fund profile

Tickers

INCAX, INCCX, INCIX, INCSX

Fund manager

Saratoga Advantage Trust

Total assets

$29.38 mm

Liabilities

$4.81 mm

Net assets

$24.56 mm

Number of holdings

215.00

Top 200 of 215 Holdings

As of Feb 2021

Security	$Holding	Balance	% of Fund	Category	Position	Country
DREYFUS-INS-IS	2.33 mm	2.33 mm principal	9.49	Common equity	Long	USA
JAMES-STR CR-S	1.58 mm	142.06 k shares	6.44	Common equity	Long	USA
BW Babcock & Wilcox Enterprises, I	500.00 k	20.00 k shares	2.04	Preferred equity	Long	USA
DVA DaVita Inc.	406.75 k	400.00 k principal	1.66	Debt	Long	USA
MPVDF Mountain Province Diamonds Inc.	349.57 k	373.00 k principal	1.42	Debt	Long	Canada
HMPT Home Point Capital Inc	348.69 k	350.00 k principal	1.42	Debt	Long	USA
IOGPQ Ion Geophysical Corp	348.48 k	352.00 k principal	1.42	Debt	Long	USA
CKEALP 8 1/2 12/15/22	332.49 k	323.00 k principal	1.35	Debt	Long	Canada
VANECK VECTORS J.P. MORGA	304.86 k	9.61 k shares	1.24	Common equity	Long	USA
MRCC Monroe Capital Corporation	303.23 k	302.00 k principal	1.23	Debt	Long	USA
PAGON 3.78 12/15/20	274.25 k	884.68 k principal	1.12	Debt	Long	USA
TMHC 5 1/8 08/01/30	268.86 k	250.00 k principal	1.09	Debt	Long	USA
F Ford Motor Company	264.86 k	250.00 k principal	1.08	Debt	Long	USA
RA PARENT INC	262.51 k	7.65 shares	1.07	Common equity	Long	USA
STACR 2019-DNA1 B2	257.61 k	220.00 k principal	1.05	ABS-other	Long	USA
USACUT 6 3/8 03/01/26	255.94 k	250.00 k principal	1.04	Debt	Long	USA
VTOL Bristow Group Inc.	252.81 k	250.00 k principal	1.03	Debt	Long	USA
BERY 1.57 01/15/26	250.48 k	250.00 k principal	1.02	Debt	Long	USA
FBM Foundation Building Materials, Inc.	249.69 k	250.00 k principal	1.02	Debt	Long	USA
WFC Wells Fargo & Company	230.80 k	9.21 k shares	0.94	Preferred equity	Long	USA
UZD United States Cellular Corporat	224.83 k	8.92 k shares	0.92	Preferred equity	Long	USA
STACR 2018-HRP2 B2	222.79 k	200.00 k principal	0.91	ABS-other	Long	USA
ARDC Ares Dynamic Credit Allocation Fund, Inc.	221.40 k	15.00 k shares	0.90	Common equity	Long	USA
CCO 6 5/8 08/01/25	211.25 k	200.00 k principal	0.86	Debt	Long	Netherlands
STACR 2018-HRP2 B1	198.37 k	190.00 k principal	0.81	ABS-other	Long	USA
ARCC Ares Capital Corporation	197.05 k	200.00 k principal	0.80	Debt	Long	USA
BLW BlackRock Limited Duration Income Trust	196.99 k	12.46 k shares	0.80	Common equity	Long	USA
NORANO 9 06/03/21	189.27 k	190.22 k principal	0.77	Debt	Long	Norway
DELPHI ENERGY CORP	177.68 k	15.00 k shares	0.72	Common equity	Long	Canada
STACR 2019-DNA3 B2	172.17 k	160.00 k principal	0.70	ABS-other	Long	USA
INVESCO DYNAMIC	171.84 k	15.62 k shares	0.70	Common equity	Long	USA
TDG 6 1/4 03/15/26	168.81 k	160.00 k principal	0.69	Debt	Long	USA
OMIR 2019-1A B1B	167.99 k	170.00 k principal	0.68	ABS-other	Long	Bermuda
PROSHARES ULTRASHORT 20+Y	166.86 k	8.50 k shares	0.68	Common equity	Long	USA
FCRT 2018-1 F	165.75 k	160.00 k principal	0.67	ABS-other	Long	USA
AVTCAP 6 1/2 05/15/21	160.73 k	200.00 k principal	0.65	Debt	Long	Luxembourg
FFNT 14 04/27/25	160.06 k	194.02 k principal	0.65	Debt	Long	USA
BBGI 8 5/8 02/01/26	157.32 k	155.00 k principal	0.64	Debt	Long	USA
TPB Turning Point Brands, Inc.	155.63 k	150.00 k principal	0.63	Debt	Long	USA
PROG 2017-SFR1 F	153.10 k	150.00 k principal	0.62	ABS-other	Long	USA
VSTJET 10 1/2 06/01/24	149.45 k	140.00 k principal	0.61	Debt	Long	Malta
LIBMUT 7.697 10/15/97	146.60 k	100.00 k principal	0.60	Debt	Long	USA
REIT ALPS Active REIT ETF	146.43 k	5.15 k shares	0.60	Common equity	Long	USA
SPEGAR TL 1LD	145.15 k	140.50 k principal	0.59	Loan	Long	USA
STACR 2015-HQA1 B	140.84 k	128.63 k principal	0.57	ABS-other	Long	USA
IPLPCN 6 09/15/28	130.55 k	125.00 k principal	0.53	Debt	Long	Canada
JQC Nuveen Credit Strategies Income Fund	128.60 k	20.00 k shares	0.52	Common equity	Long	USA
MICBAK 8 3/4 03/01/23	127.34 k	125.00 k principal	0.52	Debt	Long	USA
UONE Urban One, Inc.	126.25 k	125.00 k principal	0.51	Debt	Long	USA
CFCC 2019-1A C	126.11 k	120.00 k principal	0.51	ABS-other	Long	USA
STACR 2019-HRP1 B1	120.50 k	120.00 k principal	0.49	ABS-other	Long	USA
PFFR ETFIS Series Trust I	119.13 k	5.41 k shares	0.48	Common equity	Long	USA
TRIHEA 2.632 12/01/40	119.09 k	124.00 k principal	0.48	Debt	Long	USA
STACR 2019-HQA1 B2	118.20 k	100.00 k principal	0.48	ABS-other	Long	USA
GSMS 2016-GS4 D	118.13 k	160.00 k principal	0.48	ABS-other	Long	USA
ET+E Energy Transfer Operating, L.P.	116.05 k	120.00 k principal	0.47	Debt	Long	USA
NATMUT 4.35 04/30/50	114.77 k	105.00 k principal	0.47	Debt	Long	USA
HYT BlackRock Corporate High Yield Fund, Inc.	114.30 k	10.00 k shares	0.47	Common equity	Long	USA
FREMOR 8 1/8 11/15/24	112.39 k	108.00 k principal	0.46	Debt	Long	USA
JPM 4.6 PERP	112.34 k	110.00 k principal	0.46	Debt	Long	USA
MIK 8 07/15/27	111.20 k	104.00 k principal	0.45	Debt	Long	USA
ACACN 4 07/01/25	106.42 k	68.00 k principal	0.43	Debt	Long	Canada
CE STAR COMMON STOCK	106.27 k	161.00 shares	0.43	Common equity	Long	USA
BHLD 2020-1 M1	105.52 k	100.00 k principal	0.43	ABS-other	Long	USA
STAR 4 1/4 08/01/25	105.21 k	105.00 k principal	0.43	Debt	Long	USA
DSL DoubleLine Income Solutions Fund	104.82 k	6.00 k shares	0.43	Common equity	Long	USA
TAH 2017-SFR2 F	104.35 k	100.00 k principal	0.42	ABS-other	Long	USA
TRUK 6 1/4 02/01/29	103.13 k	100.00 k principal	0.42	Debt	Long	USA
TGB Taseko Mines Limited	102.15 k	100.00 k principal	0.42	Debt	Long	Canada
MCAS 2019-01 M10	101.39 k	100.00 k principal	0.41	ABS-other	Long	USA
PROG 2018-SFR1 F	100.64 k	100.00 k principal	0.41	ABS-other	Long	USA
POWBUY 9.033 12/04/25	99.90 k	90.00 k principal	0.41	Debt	Long	USA
VERUS 2019-INV2 B1	99.37 k	100.00 k principal	0.40	ABS-other	Long	USA
COMM 2019-GC44 D	98.94 k	114.00 k principal	0.40	ABS-other	Long	USA
MDZACN 6 1/2 05/01/24	98.88 k	98.00 k principal	0.40	Debt	Long	Canada
MEGCN 7 1/8 02/01/27	95.21 k	90.00 k principal	0.39	Debt	Long	Canada
TRICGR TL B3 1L USD	93.66 k	91.71 k principal	0.38	Loan	Long	USA
LUV Southwest Airlines Co.	92.74 k	55.00 k principal	0.38	Debt	Long	USA
PQ Petroquest Energy Inc	92.24 k	123.98 k shares	0.38	Common equity	Long	USA
CCO Clear Channel Outdoor Holdings, Inc.	91.30 k	90.00 k principal	0.37	Debt	Long	USA
JPMBB 2015-C31 D	91.22 k	100.00 k principal	0.37	ABS-other	Long	USA
VTOL 7 3/4 12/15/22	90.13 k	90.00 k principal	0.37	Debt	Long	USA
PEMEX 6.84 01/23/30	85.84 k	85.00 k principal	0.35	Debt	Long	Mexico
TMXFIN 11 1/8 04/01/23	85.08 k	84.00 k principal	0.35	Debt	Long	USA
CWALT 2006-6CB 2A3	84.31 k	134.66 k principal	0.34	ABS-other	Long	USA
ENLC EnLink Midstream, LLC	83.32 k	84.00 k principal	0.34	Debt	Long	USA
WFC Wells Fargo & Company	83.28 k	60.00 shares	0.34	Preferred equity	Long	USA
RIG 5 3/8 05/15/23	81.05 k	84.54 k principal	0.33	Debt	Long	Cayman Islands
C Citigroup Inc.	80.97 k	80.00 k principal	0.33	Debt	Long	USA
WGALLC 10 3/8 08/15/25	78.40 k	70.00 k principal	0.32	Debt	Long	USA
USD IRS 10yr Prim Mar21	78.09 k	-14.00 contracts	0.32	Interest rate derivative	Short	USA
EXPE Expedia Group, Inc.	77.90 k	70.00 k principal	0.32	Debt	Long	USA
UACST 2019-1 E	76.80 k	75.00 k principal	0.31	ABS-other	Long	USA
MWXCAP 4 5/8 04/01/29	75.57 k	75.00 k principal	0.31	Debt	Long	USA
MSC 2016-UBS9 D	75.33 k	80.00 k principal	0.31	ABS-other	Long	USA
BTZ BlackRock Credit Allocation Income Trust	75.12 k	5.22 k shares	0.31	Common equity	Long	USA
RRR 4 1/2 02/15/28	74.86 k	75.00 k principal	0.30	Debt	Long	USA
AEROMX TL DD 1L USD	74.25 k	75.00 k principal	0.30	Loan	Long	Mexico
VST 5 5/8 02/15/27	73.51 k	70.00 k principal	0.30	Debt	Long	USA
MERC Mercer International Inc.	71.31 k	70.00 k principal	0.29	Debt	Long	USA
UAL 6 1/2 06/20/27	71.09 k	65.00 k principal	0.29	Debt	Long	USA
STACR 2021-HQA1 B2	70.72 k	70.00 k principal	0.29	ABS-other	Long	USA
TEVA 3.15 10/01/26	70.43 k	75.00 k principal	0.29	Debt	Long	Netherlands
CCO 9 1/4 02/15/24	67.80 k	65.00 k principal	0.28	Debt	Long	USA
ENBL Enable Midstream Partners, LP	67.48 k	60.00 k principal	0.27	Debt	Long	USA
SMH VanEck Semiconductor ETF	66.95 k	2.80 k shares	0.27	Common equity	Long	USA
DEATIR 8 02/01/28	66.50 k	62.00 k principal	0.27	Debt	Long	USA
HRDRCK TL B 1L USD	65.49 k	65.00 k principal	0.27	Loan	Long	USA
TMUS 3.3 02/15/51	64.93 k	70.00 k principal	0.26	Debt	Long	USA
SIMFOO 4 5/8 03/01/29	63.93 k	63.00 k principal	0.26	Debt	Long	USA
BA The Boeing Company	63.90 k	50.00 k principal	0.26	Debt	Long	USA
SHLFDI 8 1/4 02/15/25	63.69 k	100.00 k principal	0.26	Debt	Long	Cayman Islands
GALCLD 6 1/2 09/15/24	62.68 k	67.36 k principal	0.26	Debt	Long	Cayman Islands
AETUNI 8 1/4 02/15/26	62.55 k	60.00 k principal	0.25	Debt	Long	USA
BMCAUS 4 3/8 07/15/30	62.01 k	60.00 k principal	0.25	Debt	Long	USA
BTE Baytex Energy Corp.	61.87 k	70.00 k principal	0.25	Debt	Long	Canada
PBFENE 6 02/15/28	60.50 k	95.00 k principal	0.25	Debt	Long	USA
SCHW The Charles Schwab Corporation	60.30 k	60.00 k principal	0.25	Debt	Long	USA
MPW 4 5/8 08/01/29	59.23 k	55.00 k principal	0.24	Debt	Long	USA
ACACN 5 1/4 04/01/29	59.13 k	55.00 k principal	0.24	ABS-other	Long	Canada
NCX 5 1/4 06/01/27	58.45 k	56.00 k principal	0.24	Debt	Long	Canada
SGMS 7 05/15/28	58.38 k	55.00 k principal	0.24	Debt	Long	USA
FFNT 14 04/27/25	57.86 k	70.14 k principal	0.24	Debt	Long	USA
PRO UPROSHRT S&P	55.03 k	2.00 k shares	0.22	Common equity	Long	USA
STNEWY 10 03/01/27	52.47 k	132.84 k principal	0.21	Debt	Long	Canada
WIN 7 3/4 08/15/28	51.28 k	50.00 k principal	0.21	Debt	Long	USA
YOUNGS 8 1/4 08/31/22	50.27 k	94.32 k principal	0.20	Debt	Long	Luxembourg
STACR 2021-DNA1 B2	49.56 k	50.00 k principal	0.20	ABS-other	Long	USA
MSCR 2021-MN1 M2	47.83 k	45.00 k principal	0.19	ABS-other	Long	USA
SUMMAT 6 1/2 03/15/27	47.76 k	45.00 k principal	0.19	Debt	Long	USA
Hess Midstream LP	46.46 k	45.00 k principal	0.19	Debt	Long	USA
MPW 3 1/2 03/15/31	45.85 k	45.00 k principal	0.19	Debt	Long	USA
UNIT 6 1/2 02/15/29	45.55 k	45.00 k principal	0.19	Debt	Long	USA
INDNAT 5 3/8 02/01/29	44.89 k	45.00 k principal	0.18	Debt	Long	USA
F Ford Motor Company	42.53 k	35.00 k principal	0.17	Debt	Long	USA
ALK 4.8 08/15/27	42.45 k	38.42 k principal	0.17	ABS-other	Long	USA
MAR Marriott International, Inc.	42.08 k	40.00 k principal	0.17	Debt	Long	USA
Nationstar Mortgage Holdings Inc	41.18 k	40.00 k principal	0.17	Debt	Long	USA
CLW Clearwater Paper Corporation	41.04 k	40.00 k principal	0.17	Debt	Long	USA
CQP Cheniere Energy Partners, L.P.	40.36 k	40.00 k principal	0.16	Debt	Long	USA
F Ford Motor Company	39.20 k	35.00 k principal	0.16	Debt	Long	USA
Nationstar Mortgage Holdings Inc	36.81 k	35.00 k principal	0.15	Debt	Long	USA
HLT 3 3/4 05/01/29	35.67 k	35.00 k principal	0.15	Debt	Long	USA
HLT 4 05/01/31	35.55 k	35.00 k principal	0.14	Debt	Long	USA
AL 3 1/8 12/01/30	35.00 k	35.00 k principal	0.14	Debt	Long	USA
H Hyatt Hotels Corporation	33.74 k	30.00 k principal	0.14	Debt	Long	USA
FTSI FTS International, Inc.	32.57 k	1.70 k shares	0.13	Common equity	Long	USA
HNDLIN 4 3/4 01/30/30	32.37 k	31.00 k principal	0.13	Debt	Long	USA
POPULUS PREFERRED EQUITY	31.04 k	388.00 shares	0.13	Preferred equity	Long	USA
VIKCRU 5 5/8 02/15/29	30.27 k	30.00 k principal	0.12	Debt	Long	Bermuda
WOOF TL B 1L USD	30.02 k	30.00 k principal	0.12	Loan	Long	USA
CDE Coeur Mining, Inc.	29.23 k	30.00 k principal	0.12	Debt	Long	USA
HOUSF 6.54975 09/15/20	27.80 k	423.00 k principal	0.11	Debt	Long	UK
DAL 4 3/4 10/20/28	27.66 k	25.00 k principal	0.11	Debt	Long	Cayman Islands
Eldorado Resorts, Inc.	27.30 k	25.00 k principal	0.11	Debt	Long	USA
ARNC Arconic Corporation	26.43 k	25.00 k principal	0.11	Debt	Long	USA
TCDAQ Tricida, Inc.	26.38 k	60.00 k principal	0.11	Debt	Long	USA
DSPORT 6 5/8 08/15/27	26.33 k	51.00 k principal	0.11	Debt	Long	USA
ATACN 4 1/8 12/15/28	25.33 k	25.00 k principal	0.10	Debt	Long	Canada
HI Hillenbrand, Inc.	24.94 k	25.00 k principal	0.10	Debt	Long	USA
PRTY 8 3/4 02/15/26	24.53 k	24.00 k principal	0.10	Debt	Long	USA
GNR 2019-159 HI	24.18 k	169.19 k principal	0.10	ABS-other	Long	USA
SGY Stone Energy Corp	21.18 k	24.00 k principal	0.09	Debt	Long	USA
GNR 2019-159 CI	20.03 k	154.08 k principal	0.08	ABS-other	Long	USA
EURO-BUND FUTURE Mar21	19.97 k	-5.00 contracts	0.08	Interest rate derivative	Short	Germany
PRO ULTSHRT R2K	19.57 k	1.25 k shares	0.08	Common equity	Long	USA
NRG NRG Energy, Inc.	19.56 k	20.00 k principal	0.08	Debt	Long	USA
OUT 4 1/4 01/15/29	19.48 k	20.00 k principal	0.08	Debt	Long	USA
RYI 8 1/2 08/01/28	18.65 k	17.00 k principal	0.08	Debt	Long	USA
IAGLN 8 3/8 11/15/28	16.84 k	14.75 k principal	0.07	ABS-other	Long	USA
IAGLN 4 1/4 11/15/32	15.82 k	14.87 k principal	0.06	ABS-other	Long	USA
HBM Hudbay Minerals Inc.	15.23 k	15.00 k principal	0.06	Debt	Long	Canada
NRG NRG Energy, Inc.	14.78 k	15.00 k principal	0.06	Debt	Long	USA
MAR Marriott International, Inc.	14.75 k	13.00 k principal	0.06	Debt	Long	USA
ENLK EnLink Midstream Partners LP	13.63 k	16.00 k principal	0.06	Debt	Long	USA
UAL 4 7/8 01/15/26	13.60 k	13.00 k principal	0.06	ABS-other	Long	USA
RIG 8 02/01/27	11.92 k	19.00 k principal	0.05	Debt	Long	Cayman Islands
SPEGAR TL DD 1LD	10.54 k	10.20 k principal	0.04	Loan	Long	USA
Nationstar Mortgage Holdings Inc	10.21 k	10.00 k principal	0.04	Debt	Long	USA
FHR 4123 DI	10.20 k	154.02 k principal	0.04	ABS-other	Long	USA
CITPET 6 3/8 06/15/26	10.16 k	10.00 k principal	0.04	Debt	Long	USA
US ULTRA BOND CBT Jun21	8.95 k	-3.00 contracts	0.04	Interest rate derivative	Short	USA
US LONG BOND(CBT) Jun21	6.82 k	-3.00 contracts	0.03	Interest rate derivative	Short	USA
Nebraska Book Holdings, Inc.	6.21 k	2.92 k shares	0.03	Common equity	Long	USA
INN Summit Hotel Properties, Inc.	5.65 k	5.00 k principal	0.02	Debt	Long	USA
ZMINFO 3 7/8 02/01/29	4.97 k	5.00 k principal	0.02	Debt	Long	USA
FNR 2013-5 YI	4.67 k	80.05 k principal	0.02	ABS-other	Long	USA
FNR 2012-150 BI	4.67 k	74.88 k principal	0.02	ABS-other	Long	USA
FNR 2012-130 UI	4.62 k	74.79 k principal	0.02	ABS-other	Long	USA
LEVI Levi Strauss & Co.	3.03 k	3.00 k principal	0.01	Debt	Long	USA
US 2YR NOTE (CBT) Jun21	538.20	-3.00 contracts	0.00	Interest rate derivative	Short	USA
CURRENCY CONTRACT - USD BANK OF NY	110.56	7.10 k contracts	0.00	DFE	N/A	N/A
iShares U.S. ETF Trust	45.46	1.00 shares	0.00	Common equity	Long	USA
ISD PGIM High Yield Bond Fund, Inc.	15.43	1.00 shares	0.00	Common equity	Long	USA
FGECN 9 3/4 12/31/21	13.03	330.00 k principal	0.00	Debt	Long	Canada
FRIENDFINDER NETWORKS INC	0	781.00 shares	0.00	Common equity	Long	USA
ZARGON OIL & GAS	0	107.88 k shares	0.00	Common equity	Long	Canada
JAKKS COMMON STOCK	0	1.90 k shares	0.00	Common equity	Long	USA
JAKKS PREFERRED STOCK	0	649.00 shares	0.00	Preferred equity	Long	USA
CURRENCY CONTRACT - USD BANK OF NY	-42.93	12.70 k contracts	-0.00	DFE	N/A	N/A