NPORT-P false 0001829774 XXXXXXXX S000070614 C000224305 C000224306 C000224307 C000224308 James Alpha Funds Trust 811-23611 0001829774 5493007JDS1R5QEQGK05 515 Madison Ave New York 10022 646-201-4042 Easterly Hedged Equity Fund S000070614 549300WGEYPL9X2TRF41 2026-08-31 2026-05-31 N 865414111.98 214737807.47 650676304.51 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 15107669.51000000 N S&P 500 (TR) 500TR SPDR S&P 500 ETF TRUST 549300NZAMSJ8FXPQQ63 78462F103 762500.00000000 NS USD 576816000.00000000 88.64868691266 Long EC RF US N 1 N N N BBH N/A N/A 28038110.96000000 PA USD 28038110.96000000 4.309072078645 Long STIV US N 1 N N N N/A N/A N/A -1665.00000000 NC USD -2480850.00000000 -0.38127252872 Short DE CORP N/A N 2 PERSHING LLC ZI8Q1A8EI8LQFJNM0D94 Put Written S&P DOW JONES INDICES LLC INDEX 78378X107 -1665.00000000 7000.00000000 USD 2026-06-30 XXXX 1633809.64000000 N N N N/A N/A N/A 1665.00000000 NC USD 9498825.00000000 1.459838776079 Long DE CORP N/A N 2 PERSHING LLC ZI8Q1A8EI8LQFJNM0D94 Put Purchased S&P DOW JONES INDICES LLC INDEX 78378X107 1665.00000000 7420.00000000 USD 2026-06-30 XXXX -1425744.41000000 N N N N/A N/A N/A -4800.00000000 NC USD -2688000.00000000 -0.41310863502 Short DE CORP N/A N 2 PERSHING LLC ZI8Q1A8EI8LQFJNM0D94 Call Written SPDR S&P 500 ETF TRUST SPDR S&P 500 ETF TRUST TR UNIT -4800.00000000 760.00000000 USD 2026-06-12 XXXX -462857.06000000 N N N N/A N/A N/A -2550.00000000 NC USD -1254600.00000000 -0.19281476692 Short DE CORP N/A N 2 PERSHING LLC ZI8Q1A8EI8LQFJNM0D94 Call Written SPDR S&P 500 ETF TRUST SPDR S&P 500 ETF TRUST TR UNIT -2550.00000000 771.00000000 USD 2026-06-30 XXXX -59680.20000000 N N N N/A N/A N/A 105000.00000000 NS USD 10552962.00000000 1.621845136645 Long DO US N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 SPDR S&P 500 ETF Trust SPDR S&P 500 ETF Trust Y performance 2027-03-05 0.00000000 USD 0.00000000 USD -68877438.00000000 USD 10552962.00000000 N N N N/A N/A N/A 10000.00000000 NS USD 1622000.00000000 0.249279094498 Long DO US N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 SPDR S&P 500 ETF Trust SPDR S&P 500 ETF Trust Y performance 2026-06-23 0.00000000 USD 0.00000000 USD -5942800.00000000 USD 1622000.00000000 N N N N/A N/A N/A 25000.00000000 NS USD 3479000.00000000 0.534674457312 Long DO US N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 SPDR S&P 500 ETF Trust SPDR S&P 500 ETF Trust Y performance 2026-07-03 0.00000000 USD 0.00000000 USD -15433000.00000000 USD 3479000.00000000 N N N N/A N/A N/A 20000.00000000 NS USD 2409600.00000000 0.370322383541 Long DO US N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 SPDR S&P 500 ETF Trust SPDR S&P 500 ETF Trust Y performance 2026-08-31 0.00000000 USD 0.00000000 USD -12720000.00000000 USD 2409600.00000000 N N N N/A N/A N/A 82500.00000000 NS USD 8908061.25000000 1.369046511799 Long DO US N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 SPDR S&P 500 ETF Trust SPDR S&P 500 ETF Trust Y performance 2026-09-09 0.00000000 USD 0.00000000 USD -53501538.75000000 USD 8908061.25000000 N N N N/A N/A N/A 40000.00000000 NS USD 3420400.00000000 0.525668443170 Long DO US N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 SPDR S&P 500 ETF Trust SPDR S&P 500 ETF Trust Y performance 2026-12-08 0.00000000 USD 0.00000000 USD -26838800.00000000 USD 3420400.00000000 N N N N/A N/A N/A 15000.00000000 NS USD 1007250.00000000 0.154800473448 Long DO US N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 SPDR S&P 500 ETF Trust SPDR S&P 500 ETF Trust Y performance 2027-03-29 0.00000000 USD 0.00000000 USD -10339950.00000000 USD 1007250.00000000 N N N N/A N/A N/A 20000.00000000 NS USD 1203600.00000000 0.184976768272 Long DO US N 2 GOLDMAN SACHS INTERNATIONAL W22LROWP2IHZNBB6K528 SPDR S&P 500 ETF Trust SPDR S&P 500 ETF Trust Y performance 2027-03-04 0.00000000 USD 0.00000000 USD -13926000.00000000 USD 1203600.00000000 N N N 2026-06-26 James Alpha Funds Trust Erik Naviloff Erik Naviloff Asst Treasurer XXXX