JRSVX : James Alpha Relative Value Portfolio Class S Shares

Fund Summary

The investment seeks attractive long-term risk-adjusted returns relative to traditional financial market indices. The manager seeks to achieve its investment objective by attempting to outperform the returns of a variety of "relative value" investment strategies. It will seek to outperform the returns of various fixed income relative value strategies, such as, among others, asset-backed, master limited partnership ("MLP"), real estate, convertible arbitrage, corporate and sovereign strategies, as well as volatility investment strategies.