JSVIX : James Alpha Structured Credit Value Portfolio Class I

Fund Summary

The investment seeks to provide a high level of risk-adjusted current income and capital appreciation; capital preservation is a secondary objective. The portfolio seeks to achieve its investment objectives, under normal conditions, by investing at least 80% of its net assets plus any borrowings for investment purposes in structured credit securities, and in other investments that have economic characteristics similar to such securities. The portfolio may also invest in corporate bonds and other fixed income securities. It seeks to outperform the Bloomberg Barclays U.S. Aggregate Bond Index with lower volatility than that index.