James Alpha MLP | Supplemental Distribution Information — Saratoga Capital Management, LLC

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5950-NLD-11/11/2019

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Important Site-wide Disclosure

Investors should carefully consider the investment objectives, risks, charges and expenses of the Saratoga Advantage Trust mutual funds. This and other important information about the Saratoga Advantage Trust's funds is contained in the prospectus, which can be obtained by clicking here, or by calling (800) 807-FUND, and which should be read carefully before investing. The Saratoga Advantage Trust's funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Saratoga Capital Management, LLC is not affiliated with Northern Lights Distributors, LLC. 2020 © Saratoga Capital Management, LLC; All Rights Reserved. 6040-NLD-9/24/2020

800-ALLOCATE