JAHSX : James Alpha EHS Portfolio Class S

Fund Summary

The investment seeks attractive long-term risk-adjusted returns relative to traditional financial market indices. The manager seeks to achieve the Portfolio's investment objective by attempting to outperform the returns of a variety of hedged equity investment strategies. It is expected to gain exposure to asset classes primarily through exchange-traded products such as exchange-traded notes ("ETNs"), exchange-traded funds ("ETFs") and mutual funds, although the Portfolio may invest directly in currencies, equities and fixed income securities.