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2026-08-31 0000924628 sat:C000196885Member sat:VanguardShortTermBondIndexFundAdmiralClassMember 2026-08-31 iso4217:USD pure sat:Integer false SARATOGA ADVANTAGE TRUST N-1A N-CSR 0000924628 Annual Shareholder Report 2026-08-31 SLVYX Class A This <span id="xdx_900_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030171Member_zWgt8OHAIvba">annual shareholder report</span> contains important information about the Saratoga Large Capitalization Value Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030171Member_zAQLojweyg2h" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030171Member_zrJaHYZgyPGk">Saratoga Large Capitalization Value Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90B_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030171Member_zPFJYMxM7oH">216</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030171Member_zzvM87F60Lig">2.13%</span></span></td></tr> </table> Saratoga Large Capitalization Value Fund 216 0.0213 <p id="xdx_809_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030171Member_z4LV5FWuJmJ3" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><span style="font-family: Arial, Helvetica, Sans-Serif">The Fund’s top contributor during the fiscal year was Henry Schein. The company hired a new Chief Executive Officer and implemented a strategic cost optimization plan that led to multiple positive earnings revisions. Quanta Services was the Fund’s second-best performing stock during the period. Its earnings were driven by large projects related to grid and utility infrastructure, and the company had substantial earnings revisions during the fiscal year.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif">The Fund’s main detractors were Fair Isaac (FICO) and Sallie Mae. FICO was impacted by political scrutiny that called into question its pricing power. Sallie Mae was impacted by concerns that artificial intelligence could weigh on employment prospects for recent graduates, which investors expected to lead to higher net charge-offs and delinquencies.</span></p> </td></tr> </table> <p id="xdx_80F_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030171Member_zQomuXmfnKTl" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="slvyx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 10110 10384 10610 8/31/2017 10943 12651 12316 8/31/2018 8984 12097 11256 8/31/2019 12606 15906 14069 8/31/2020 13555 18832 14445 8/31/2021 17446 24238 18213 8/31/2022 16158 19848 17118 8/31/2023 19358 25066 19135 8/31/2024 20634 31337 21844 8/31/2025 23816 36940 25112 8/31/2026 24168 41793 29243 <p id="xdx_80F_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030171Member_zNmc8Cmm3uOh" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><b>10 Years</b></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Large Capitalization Value Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">-<span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030171WithSaleLoadMember_zBp9rzmO2g7j">2.94%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030171WithSaleLoadMember_zQzHLajRKEu8">6.61%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030171WithSaleLoadMember_zsW1VTVHJey6">9.23%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Large Capitalization Value Fund, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030171Member_zeGkW0PYaX7c">2.98%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030171Member_zXSMJFmEe05k">7.88%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030171Member_zf4eGEYlie1l">9.87%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030171SP500IndexMember_ziUPsVUzW3o3">20.38%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030171SP500IndexMember_z7RFaSuqiJ7f">12.79%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030171SP500IndexMember_zXVwB3VPxFq">15.37%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar US Fund Large Value Category</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030171MorningstarUSFundLargeValueCategoryMember_zOpyUdfhi6Sc">21.91%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030171MorningstarUSFundLargeValueCategoryMember_zi1V8Iqh8kB">10.86%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030171MorningstarUSFundLargeValueCategoryMember_z3eapBYeYX27">11.55%</span></span></td></tr> </table> 0.0294 0.0661 0.0923 0.0298 0.0788 0.0987 0.2038 0.1279 0.1537 0.2191 0.1086 0.1155 <p id="xdx_802_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030171Member_zuC6i7B3e3u3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_901_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030171Member_zdaVTnnwjMba">14,607,094</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_903_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030171Member_z8MU3UJ03AI2">108,701</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90C_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030171Member_zyGSEmzHG3Fb">23</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span id="xdx_901_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030171Member_zNtGz0vnlyt1">84%</span></td></tr> </table> 14607094 108701 23 0.84 <p id="xdx_800_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030171Member_z4027xGsvhOg" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)? </b></span></p> <div style="float: left; width: 48%"> <img alt="" src="slvyx_002.jpg" style="height: 276px; width: 350px"/></div> 0.000 0.132 0.058 0.154 0.293 0.060 0.000 0.051 0.098 0.114 0.041 <div id="xdx_802_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030171Member_zpXGXJeE7oJ2" style="float: right; width: 48%"></div> <div style="float: right; width: 48%"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Henry Schein, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030171Member__oef--LargestHoldingAxis__custom--HenryScheinIncMember_zQHOwqDpJDch">6.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%">Amazon.com, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030171Member__oef--LargestHoldingAxis__custom--AmazonComIncMember_z4CzVwAJUeha">6.30</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Clean Harbors Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030171Member__oef--LargestHoldingAxis__custom--CleanHarborsIncMember_zrEOBfIfiPDa">6.20</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Quest Diagnostics, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030171Member__oef--LargestHoldingAxis__custom--QuestDiagnosticsIncMember_zjYyI6Mn1MNg">6.10</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Capital One Financial Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030171Member__oef--LargestHoldingAxis__custom--CapitalOneFinancialCorpMember_zS4wvuf43tt2">6.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Williams Companies, Inc (The)</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030171Member__oef--LargestHoldingAxis__custom--WilliamsCompaniesIncTheMember_zt8PWbqRHn93">5.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Primo Brands Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030171Member__oef--LargestHoldingAxis__custom--PrimoBrandsCorpMember_zNVZaHBde8B4">5.70</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">AMETEK, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030171Member__oef--LargestHoldingAxis__custom--AMETEKIncMember_zHpJi56wLqYl">5.30</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Welltower, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030171Member__oef--LargestHoldingAxis__custom--WelltowerIncMember_zM7lWXBDTuN2">4.90</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Somnigroup International, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90C_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030171Member__oef--LargestHoldingAxis__custom--SomnigroupInternationalIncMember_z85BOFwS1F9c">4.90</span></td></tr> </table> </div> <div style="float: none; clear: both; width: 100%"> </div> 0.0680 0.0630 0.0620 0.0610 0.0600 0.0580 0.0570 0.0530 0.0490 0.0490 <p id="xdx_804_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030171Member_zGbYrvsPdS4c" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> SLVCX Class C This <span id="xdx_90B_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030174Member_zLXxtFBmeuMa">annual shareholder report</span> contains important information about the Saratoga Large Capitalization Value Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_801_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030174Member_zbZSsIwHohU8" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030174Member_zSDy5QeS7spl">Saratoga Large Capitalization Value Fund</span>, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_900_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030174Member_zafa1in7Inic">277</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030174Member_zMezPnxqUNV1">2.74%</span></span></td></tr> </table> Saratoga Large Capitalization Value Fund 277 0.0274 <p id="xdx_804_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030174Member_zzga3QBew3d" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><span style="font-family: Arial, Helvetica, Sans-Serif">The Fund’s top contributor during the fiscal year was Henry Schein. The company hired a new Chief Executive Officer and implemented a strategic cost optimization plan that led to multiple positive earnings revisions. Quanta Services was the Fund’s second-best performing stock during the period. Its earnings were driven by large projects related to grid and utility infrastructure, and the company had substantial earnings revisions during the fiscal year.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><span style="font-family: Arial, Helvetica, Sans-Serif">The Fund’s main detractors were Fair Isaac (FICO) and Sallie Mae. FICO was impacted by political scrutiny that called into question its pricing power. Sallie Mae was impacted by concerns that artificial intelligence could weigh on employment prospects for recent graduates, which investors expected to lead to higher net charge-offs and delinquencies.</span></p> </td></tr> </table> <p id="xdx_80F_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030174Member_zlFTsGaanCC3" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="slvcx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 10702 10384 10610 8/31/2017 11516 12651 12316 8/31/2018 9396 12097 11256 8/31/2019 13110 15906 14069 8/31/2020 14010 18832 14445 8/31/2021 17923 24238 18213 8/31/2022 16501 19848 17118 8/31/2023 19652 25066 19135 8/31/2024 20813 31337 21844 8/31/2025 23875 36940 25112 8/31/2026 24139 41793 29243 <p id="xdx_800_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030174Member_zxuwuz7Jyk0i" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><b>10 Years</b></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Large Capitalization Value Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030174WithSaleLoadMember_z5Y59cl0x83h">1.32%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030174WithSaleLoadMember_zli32CJriUo6">7.24%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030174WithSaleLoadMember_zaw3EgNfKv9f">9.21%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Large Capitalization Value Fund, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030174Member_zkO7XbIz2y0f">2.37%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030174Member_zvJNR9At6kAb">7.24%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030174Member_zuINYLCsL3R5">9.21%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030174SP500IndexMember_z9OwHxYdRN63">20.38%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030174SP500IndexMember_zR9QEc8sX7Nk">12.79%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030174SP500IndexMember_zV8EJArrwku6">15.37%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar US Fund Large Value Category</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030174MorningstarUSFundLargeValueCategoryMember_zO5RXsEYFMz4">21.91%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030174MorningstarUSFundLargeValueCategoryMember_z9LcqB8K3Iqg">10.86%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030174MorningstarUSFundLargeValueCategoryMember_zbPshWlWmgS">11.55%</span></span></td></tr> </table> 0.0132 0.0724 0.0921 0.0237 0.0724 0.0921 0.2038 0.1279 0.1537 0.2191 0.1086 0.1155 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030174Member_ziLQyV0Xn5xd" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_906_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030174Member_zRoGiUFhD606">14,607,094</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90F_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030174Member_zGL2ZERQKun6">108,701</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030174Member_zea8iaYrhUr7">23</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span id="xdx_90B_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030174Member_zgSfkm5dNUkl">84%</span></td></tr> </table> 14607094 108701 23 0.84 <p id="xdx_801_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030174Member_zOCj5PZjt1xa" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="slvcx_002.jpg" style="height: 276px; width: 350px"/></div> 0.000 0.132 0.058 0.154 0.293 0.060 0.000 0.051 0.098 0.114 0.041 <p id="xdx_803_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030174Member_zK30UrwztVF8" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Henry Schein, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030174Member__oef--LargestHoldingAxis__custom--HenryScheinIncMember_z7fxgEy1kEO5">6.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%">Amazon.com, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030174Member__oef--LargestHoldingAxis__custom--AmazonComIncMember_zBzL622RfNfi">6.30</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Clean Harbors Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030174Member__oef--LargestHoldingAxis__custom--CleanHarborsIncMember_zpC2tDRjxqof">6.20</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Quest Diagnostics, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030174Member__oef--LargestHoldingAxis__custom--QuestDiagnosticsIncMember_zeHl4bPK85m3">6.10</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Capital One Financial Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030174Member__oef--LargestHoldingAxis__custom--CapitalOneFinancialCorpMember_zizTBsL0Olqj">6.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Williams Companies, Inc (The)</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030174Member__oef--LargestHoldingAxis__custom--WilliamsCompaniesIncTheMember_zoIjZVIQldVl">5.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Primo Brands Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030174Member__oef--LargestHoldingAxis__custom--PrimoBrandsCorpMember_zYSFVSzwMxHg">5.70</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">AMETEK, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030174Member__oef--LargestHoldingAxis__custom--AMETEKIncMember_zlAL7rRsdG1k">5.30</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Welltower, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030174Member__oef--LargestHoldingAxis__custom--WelltowerIncMember_zMZlaDuR0O1e">4.90</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Somnigroup International, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030174Member__oef--LargestHoldingAxis__custom--SomnigroupInternationalIncMember_zHNhPBJRnAz8">4.90</span></td></tr> </table> <div style="float: none; clear: both; width: 100%"> </div> 0.0680 0.0630 0.0620 0.0610 0.0600 0.0580 0.0570 0.0530 0.0490 0.0490 <p id="xdx_807_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030174Member_zOD3Loxek3dh" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> SLCVX Class I This <span id="xdx_90C_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030172Member_zBKCYTk5EQp4">annual shareholder report</span> contains important information about the Saratoga Large Capitalization Value Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_805_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030172Member_z3HS7tr9kt09" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030172Member_za22eVRRqoGg">Saratoga Large Capitalization Value Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90A_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030172Member_zmKr5B1uo8Vk">175</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030172Member_zGH631b31fIb">1.72%</span></span></td></tr> </table> Saratoga Large Capitalization Value Fund 175 0.0172 <p id="xdx_801_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030172Member_z3n4nFo7NQGl" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif">The Fund’s top contributor during the fiscal year was Henry Schein. The company hired a new Chief Executive Officer and implemented a strategic cost optimization plan that led to multiple positive earnings revisions. Quanta Services was the Fund’s second-best performing stock during the period. Its earnings were driven by large projects related to grid and utility infrastructure, and the company had substantial earnings revisions during the fiscal year.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif">The Fund’s main detractors were Fair Isaac (FICO) and Sallie Mae. FICO was impacted by political scrutiny that called into question its pricing power. Sallie Mae was impacted by concerns that artificial intelligence could weigh on employment prospects for recent graduates, which investors expected to lead to higher net charge-offs and delinquencies.</span></p> </td></tr> </table> <p id="xdx_802_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030172Member_zcwVUd2mQ2Hj" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="slcvx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 10743 10384 10610 8/31/2017 11674 12651 12316 8/31/2018 9625 12097 11256 8/31/2019 13557 15906 14069 8/31/2020 14643 18832 14445 8/31/2021 18921 24238 18213 8/31/2022 17594 19848 17118 8/31/2023 21162 25066 19135 8/31/2024 22642 31337 21844 8/31/2025 26236 36940 25112 8/31/2026 26708 41793 29243 <p id="xdx_804_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030172Member_zSdnrjaMF0Gd" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><b>10 Years</b></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Large Capitalization Value Fund, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030172Member_zS9YmAFkauzb">3.40%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030172Member_zSOvqAsfKFH1">8.32%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030172Member_znE4PoNvPkce">10.32%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030172SP500IndexMember_z4Ax5QTdgA57">20.38%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030172SP500IndexMember_zpnDRyWR0wX4">12.79%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030172SP500IndexMember_zWQV3jztBvR9">15.37%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar US Fund Large Value Category</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030172MorningstarUSFundLargeValueCategoryMember_z2KK2MSyZflk">21.91%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030172MorningstarUSFundLargeValueCategoryMember_zy6HY0LDtRF">10.86%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030172MorningstarUSFundLargeValueCategoryMember_z4ke3E4sJBac">11.55%</span></span></td></tr> </table> 0.0340 0.0832 0.1032 0.2038 0.1279 0.1537 0.2191 0.1086 0.1155 <p id="xdx_805_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030172Member_z5L0ySOfpXq9" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_901_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030172Member_znd0IwnzLS6i">14,607,094</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_902_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030172Member_zy7wmk8QodXj">108,701</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030172Member_zFSGLX3Qlqlk">23</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span id="xdx_903_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030172Member_zD9wB0qkgsf7">84%</span></td></tr> </table> 14607094 108701 23 0.84 <p id="xdx_80B_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030172Member_z01wbMoMS67j" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="slcvx_002.jpg" style="height: 276px; width: 350px"/></div> 0.000 0.132 0.058 0.154 0.293 0.060 0.000 0.051 0.098 0.114 0.041 <p id="xdx_80C_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030172Member_zIxKbJpfRlKj" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Henry Schein, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030172Member__oef--LargestHoldingAxis__custom--HenryScheinIncMember_zilvwp5PCHI">6.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%">Amazon.com, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030172Member__oef--LargestHoldingAxis__custom--AmazonComIncMember_zovB3eRMmkma">6.30</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Clean Harbors Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030172Member__oef--LargestHoldingAxis__custom--CleanHarborsIncMember_zVNhNyBrJ1B8">6.20</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Quest Diagnostics, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030172Member__oef--LargestHoldingAxis__custom--QuestDiagnosticsIncMember_zTbpxyXQSmJ5">6.10</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Capital One Financial Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030172Member__oef--LargestHoldingAxis__custom--CapitalOneFinancialCorpMember_zgnLJIwnhEi8">6.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Williams Companies, Inc (The)</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030172Member__oef--LargestHoldingAxis__custom--WilliamsCompaniesIncTheMember_zUY4X4PnxeNd">5.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Primo Brands Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030172Member__oef--LargestHoldingAxis__custom--PrimoBrandsCorpMember_zBqNNGrzoYTe">5.70</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">AMETEK, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030172Member__oef--LargestHoldingAxis__custom--AMETEKIncMember_zx8Cz0jxHKn8">5.30</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Welltower, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030172Member__oef--LargestHoldingAxis__custom--WelltowerIncMember_z4FI9984QrG8">4.90</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Somnigroup International, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030172Member__oef--LargestHoldingAxis__custom--SomnigroupInternationalIncMember_zDJgqyxrf7ii">4.90</span></td></tr> </table> <div style="float: none; clear: both; width: 100%"> </div> 0.0680 0.0630 0.0620 0.0610 0.0600 0.0580 0.0570 0.0530 0.0490 0.0490 <p id="xdx_804_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030172Member_z58pbEHcX4S9" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> SLGYX Class A This <span id="xdx_90F_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030175Member_zifOw4o45CV5">annual shareholder report</span> contains important information about the Saratoga Large Capitalization Growth Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_806_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030175Member_zTJ8pnkXcPY1" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030175Member_z4oB0eyWTWRk">Saratoga Large Capitalization Growth Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90B_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030175Member_z3OvCuH4CTdd">232</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030175Member_zBz37mTdGUGg">2.20%</span></span></td></tr> </table> Saratoga Large Capitalization Growth Fund 232 0.0220 <p id="xdx_805_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030175Member_zoJ9sPnOrWY2" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Fund’s positive returns were largely driven by stock selection in the Information Technology sector. Industrials and Communication Services holdings also made meaningful positive contributions. The Consumer Staples and Health Care sectors were the only sectors with negative stock selection of note.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a stock selection perspective, Lumentum Holdings was the top contributor; the optical components supplier reported strong revenue growth driven by accelerating demand for data-center optical products used in AI infrastructure. Dell Technologies was the second largest contributor; the computer hardware manufacturer reported strong revenue growth supported by record AI server demand.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Due to threshold limits, the Fund held a significant underweight position in mega-cap technology stocks, which was a headwind to relative performance. Out of Fund holdings, Atlassian had the biggest negative impact; although its quarterly results exceeded expectations, shares fell sharply after management pointed to slower near-term cloud growth and an expected deceleration in Data Center revenue.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Allocation effect was a drag on relative performance, primarily due to overweight positions in the Consumer Staples and Financials sectors. The Fund’s active weight constraints helped reduce exposure to market volatility and sentiment shifts.</span></p> </td></tr> </table> <p id="xdx_805_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030175Member_zIgqKycNiSi3" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="slgyx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 9341 10384 10033 8/31/2017 12129 12651 12826 8/31/2018 12020 12097 12547 8/31/2019 15143 15906 16526 8/31/2020 19415 18832 22281 8/31/2021 25572 24238 26846 8/31/2022 18158 19848 18738 8/31/2023 25077 25066 25479 8/31/2024 35224 31337 32654 8/31/2025 43046 36940 37817 8/31/2026 44282 41793 41195 <p id="xdx_806_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030175Member_zYSPlhH6PkG8" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Large Capitalization Growth Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030175WithSaleLoadMember_z7BSMW0zYwf2">4.17%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030175WithSaleLoadMember_zyN6z97rj9K2">11.50%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030175WithSaleLoadMember_zdgnXwXcSGtl">16.04%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Large Capitalization Growth Fund, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030175Member_zXY9Ya4lEp6l">10.54%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030175Member_zBxQPh7N4x79">12.83%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030175Member_zxikyTnZQczk">16.73%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030175SP500IndexMember_zGXYvQrVyb5k">20.38%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030175SP500IndexMember_zQubxv6DZq97">12.79%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030175SP500IndexMember_zuDhPJejbWkg">15.37%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Morningstar US Fund Large Growth Category</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030175MorningstarUSFundLargeValueCategoryMember_zk0ug6YOiz22">14.28%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030175MorningstarUSFundLargeValueCategoryMember_zvgdM8ZCqSMa">9.22%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030175MorningstarUSFundLargeValueCategoryMember_zvPh1azF7xbb">15.87%</span></td></tr> </table> 0.0417 0.1150 0.1604 0.1054 0.1283 0.1673 0.2038 0.1279 0.1537 0.1428 0.0922 0.1587 <p id="xdx_809_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030175Member_zbOhFN4ATh0l" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90C_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030175Member_znXSffyiYcSe">34,899,657</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_908_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030175Member_zZqaZQk6Nbd1">241,497</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030175Member_za23wjyNmOv6">57</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030175Member_zLmLgdjqj17">76%</span></span></td></tr> </table> 34899657 241497 57 0.76 <p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030175Member_zYnFEGXmjGv" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"><img alt="" src="slgyx_002.jpg" style="height: 275px; width: 350px"/></div> <div style="float: left; width: 48%"><table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center; width: 50%">Utilities</td> <td style="display: none; text-align: center; width: 50%"><span id="xdx_901_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--UtilitiesMember_zMhoJPugj41k" style="display: none">0.0%</span></td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">Healthcare</td> <td style="display: none; text-align: center"><span id="xdx_905_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__us-gaap--HealthCareMember_zYlZjvaBzMog" style="display: none">6.8%</span></td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">Consumer Defensive</td> <td style="display: none; text-align: center"><span id="xdx_906_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--ConsumerDefensiveMember_zgH7ueD883E5" style="display: none">2.7%</span></td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">Technology</td> <td style="display: none; text-align: center"><span id="xdx_90C_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--TechnologyMember_zP6UCKmapPG9" style="display: none">54.4%</span></td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">Industrials</td> <td style="display: none; text-align: center"><span id="xdx_908_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--IndustrialsMember_zILB9BCuCvEd" style="display: none">4.7%</span></td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">Energy</td> <td style="display: none; text-align: center"><span id="xdx_90D_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--EnergyMember_zc2jJF0ke2ik" style="display: none">0.0%</span></td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">Communication Services</td> <td style="display: none; text-align: center"><span id="xdx_902_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--CommunicationServicesMember_zoBttvxyLYe7" style="display: none">15.7%</span></td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">Real Estate</td> <td style="display: none; text-align: center"><span id="xdx_903_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__us-gaap--RealEstateMember_znpXCMnTJP6j" style="display: none">0.0%</span></td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">Financial Services</td> <td style="display: none; text-align: center"><span id="xdx_901_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--FinancialServicesMember_zCqAOOvJhaJ1" style="display: none">5.6%</span></td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">Consumer Cyclical</td> <td style="display: none; text-align: center"><span id="xdx_90D_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--ConsumerCyclicalMember_zl0L6erYO6gh" style="display: none">10.2%</span></td></tr> <tr style="display: none; vertical-align: top; text-align: left"> <td style="display: none; text-align: center">Basic Materials</td> <td style="display: none; text-align: center"><span id="xdx_909_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--BasicMaterialsMember_zZkdAaaZWsaa" style="display: none">0.0%</span></td></tr> </table> </div> 0.000 0.068 0.027 0.544 0.047 0.000 0.157 0.000 0.056 0.102 0.000 <p id="xdx_809_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030175Member_zLPmjgrXyhik" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">NVIDIA Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_zk9yLeQBFwla">13.50</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Microsoft Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--MicrosoftCorpMember_z6njMkn7Yxc9">4.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Alphabet Inc, Class A</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--AlphabetIncClassAMember_zDnbQh8K7An4">4.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Alphabet Inc, Class C</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--AlphabetIncClassCMember_zxA97RFaDL4e">4.30</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Apple Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--AppleIncMember_zhztSg3bFoq4">4.20</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Broadcom, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--BroadcomIncMember_zZ6MBgRP2KZ8">4.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Roku, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--RokuIncMember_z0jtymY6bHn7">2.90</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Amazon.com, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--AmazonComIncMember_zx8S6VOtUvj4">2.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Arista Networks, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--AristaNetworksIncMember_z0f497xM9Be2">2.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Airbnb, Inc Class A</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030175Member__oef--LargestHoldingAxis__custom--AirbnbIncClassAMember_zKHKsR95ECMh">2.80</span></td></tr> </table> <div style="float: none; clear: both; width: 100%"> </div> 0.1350 0.0460 0.0440 0.0430 0.0420 0.0400 0.0290 0.0280 0.0280 0.0280 <p id="xdx_805_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030175Member_zyhvoJYUswNh" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> SLGCX Class C This <span id="xdx_909_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030178Member_z6wpDC8xkjId">annual shareholder report</span> contains important information about the Saratoga Large Capitalization Growth Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com/fund-reports 1-888-672-4839 <p id="xdx_80C_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030178Member_z3uGua4pH9t6" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030178Member_zwLIZwuuyU9j">Saratoga Large Capitalization Growth Fund, Class C</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_909_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030178Member_zlLdNhOBAiE8">292</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030178Member_zKnzpZXTNfs4">2.79%</span></span></td></tr> </table> Saratoga Large Capitalization Growth Fund, Class C 292 0.0279 <p id="xdx_80C_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030178Member_zDymXlbv3uQ9" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Fund’s positive returns were largely driven by stock selection in the Information Technology sector. Industrials and Communication Services holdings also made meaningful positive contributions. The Consumer Staples and Health Care sectors were the only sectors with negative stock selection of note.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">From a stock selection perspective, Lumentum Holdings was the top contributor; the optical components supplier reported strong revenue growth driven by accelerating demand for data-center optical products used in AI infrastructure. Dell Technologies was the second largest contributor; the computer hardware manufacturer reported strong revenue growth supported by record AI server demand.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Due to threshold limits, the Fund held a significant underweight position in mega-cap technology stocks, which was a headwind to relative performance. Out of Fund holdings, Atlassian had the biggest negative impact; although its quarterly results exceeded expectations, shares fell sharply after management pointed to slower near-term cloud growth and an expected deceleration in Data Center revenue.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Allocation effect was a drag on relative performance, primarily due to overweight positions in the Consumer Staples and Financials sectors. The Fund’s active weight constraints helped reduce exposure to market volatility and sentiment shifts.</span></p> </td></tr> </table> <p id="xdx_809_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030178Member_zojouJzF00rd" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="slgcx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 9897 10384 10033 8/31/2017 12775 12651 12826 8/31/2018 12572 12097 12547 8/31/2019 15750 15906 16526 8/31/2020 20065 18832 22281 8/31/2021 26287 24238 26846 8/31/2022 18556 19848 18738 8/31/2023 25485 25066 25479 8/31/2024 35540 31337 32654 8/31/2025 43083 36940 37817 8/31/2026 44160 41793 41195 <p id="xdx_80F_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030178Member_zQkir51gxVS3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Large Capitalization Growth Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030178WithSaleLoadMember_zU1nKvLkKkeg">8.58%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030178WithSaleLoadMember_z0S4n4SFg3Og">12.11%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030178WithSaleLoadMember_zrmv4QZNjd8j">16.01%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Large Capitalization Growth Fund, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030178Member_zeMpWh4Iawu4">9.58%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030178Member_zQ3g5rN31lL1">12.11%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030178Member_z9fRuHNEQkOg">16.01%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030178SP500IndexMember_zYMLYVfDxAOf">20.38%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030178SP500IndexMember_zObgBeS9GB6f">12.79%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030178SP500IndexMember_zzTpFmBFxw3l">15.37%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Morningstar US Fund Large Growth Category</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030178MorningstarUSFundLargeValueCategoryMember_zWFnUBDgXGx6">14.28%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030178MorningstarUSFundLargeValueCategoryMember_z4EMZxRPAT5c">9.22%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030178MorningstarUSFundLargeValueCategoryMember_zHPkt2bfvXJ6">15.87%</span></td></tr> </table> 0.0858 0.1211 0.1601 0.0958 0.1211 0.1601 0.2038 0.1279 0.1537 0.1428 0.0922 0.1587 <p id="xdx_805_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030178Member_zSGeDULngVx" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90A_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030178Member_zMYMAaBKMYyh">34,899,657</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90E_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030178Member_zjaZYlfYONS6">241,497</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030178Member_z4TBJEVhWGVd">57</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_908_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030178Member_zkRY2OFUol8f">76%</span></span></td></tr> </table> 34899657 241497 57 0.76 <p id="xdx_80F_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030178Member_zpl5fkuXPJqi" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="slgcx_002.jpg" style="height: 275px; width: 350px"/></p> </div> 0.000 0.068 0.027 0.544 0.047 0.000 0.157 0.000 0.056 0.102 0.000 <p id="xdx_804_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030178Member_zi03hctFKs4d" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">NVIDIA Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030178Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_z3xbHgILTOla">13.50</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Microsoft Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030178Member__oef--LargestHoldingAxis__custom--MicrosoftCorpMember_zhk2wIpsIVn7">4.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Alphabet Inc, Class A</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030178Member__oef--LargestHoldingAxis__custom--AlphabetIncClassAMember_zoZHTiKoESN2">4.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Alphabet Inc, Class C</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030178Member__oef--LargestHoldingAxis__custom--AlphabetIncClassCMember_z8WCMHciwYv3">4.30</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Apple Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030178Member__oef--LargestHoldingAxis__custom--AppleIncMember_zdFlDT4OnZCj">4.20</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Broadcom, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030178Member__oef--LargestHoldingAxis__custom--BroadcomIncMember_zHSYfAIHupsj">4.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Roku, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030178Member__oef--LargestHoldingAxis__custom--RokuIncMember_ztYNVeoF5DY1">2.90</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Amazon.com, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030178Member__oef--LargestHoldingAxis__custom--AmazonComIncMember_zinyjDsi2NFg">2.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Arista Networks, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030178Member__oef--LargestHoldingAxis__custom--AristaNetworksIncMember_zT8rfmVqHKl8">2.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Airbnb, Inc Class A</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030178Member__oef--LargestHoldingAxis__custom--AirbnbIncClassAMember_zOQ6x8MOAK52">2.80</span></td></tr> </table> <div style="float: none; clear: both; width: 100%">  </div> 0.1350 0.0460 0.0440 0.0430 0.0420 0.0400 0.0290 0.0280 0.0280 0.0280 <p id="xdx_80F_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030178Member_zDhzBvn5Y6I7" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SLCGX Class I This <span id="xdx_903_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030176Member_zlfrFxNBeuT">annual shareholder report</span> contains important information about the Saratoga Large Capitalization Growth Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, annual shareholder report You can find additional information about the Fund www.saratogacap.com/fund-reports 1-888-672-4839 <p id="xdx_802_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030176Member_zZ5xooEGSvm9" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030176Member_zHZBOCKxxXd7">Saratoga Large Capitalization Growth Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_907_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030176Member_zfp4BMFCSt3a">190</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--ExpenseRatioPct_dp_c20250901__20260831__oef--ClassAxis__custom--C000030176Member_zMDG7NERTcRj">1.80%</span></span></td></tr> </table> Saratoga Large Capitalization Growth Fund 190 0.0180 <p id="xdx_800_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030176Member_zLPfKihFUCT6" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Fund’s positive returns were largely driven by stock selection in the Information Technology sector. Industrials and Communication Services holdings also made meaningful positive contributions. The Consumer Staples and Health Care sectors were the only sectors with negative stock selection of note.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">From a stock selection perspective, Lumentum Holdings was the top contributor; the optical components supplier reported strong revenue growth driven by accelerating demand for data-center optical products used in AI infrastructure. Dell Technologies was the second largest contributor; the computer hardware manufacturer reported strong revenue growth supported by record AI server demand.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Due to threshold limits, the Fund held a significant underweight position in mega-cap technology stocks, which was a headwind to relative performance. Out of Fund holdings, Atlassian had the biggest negative impact; although its quarterly results exceeded expectations, shares fell sharply after management pointed to slower near-term cloud growth and an expected deceleration in Data Center revenue.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Allocation effect was a drag on relative performance, primarily due to overweight positions in the Consumer Staples and Financials sectors. The Fund’s active weight constraints helped reduce exposure to market volatility and sentiment shifts.</span></p> </td></tr> </table> <p id="xdx_805_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030176Member_zMTcCmfSRRxd" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="slcgx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 9926 10384 10033 8/31/2017 12939 12651 12826 8/31/2018 12870 12097 12547 8/31/2019 16284 15906 16526 8/31/2020 20957 18832 22281 8/31/2021 27717 24238 26846 8/31/2022 19753 19848 18738 8/31/2023 27399 25066 25479 8/31/2024 38630 31337 32654 8/31/2025 47394 36940 37817 8/31/2026 48885 41793 41195 <p id="xdx_80E_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030176Member_ziKCfqggNGFf" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Large Capitalization Growth Fund, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030176Member_zqkJd4QsB7x4">10.97%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030176Member_zI04Ifxxkdnb">13.28%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030176Member_zgXN9fvoMRJ1">17.20%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030176SP500IndexMember_zgYB2PO8UR86">20.38%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030176SP500IndexMember_zXs2UFhKhjXe">12.79%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030176SP500IndexMember_zPbXYbXJ07al">15.37%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Morningstar US Fund Large Growth Category</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030176MorningstarUSFundLargeValueCategoryMember_zUDe7rh7MBqh">14.28%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030176MorningstarUSFundLargeValueCategoryMember_ziYT9RsSROog">9.22%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030176MorningstarUSFundLargeValueCategoryMember_z5sTOZLUnuEl">15.87%</span></td></tr> </table> 0.1097 0.1328 0.1720 0.2038 0.1279 0.1537 0.1428 0.0922 0.1587 <p id="xdx_80D_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030176Member_zkNXZJiIyUDc" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_904_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030176Member_zPdaEhUqUzTi">34,899,657</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_907_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030176Member_zEvwpCFRWc5l">241,497</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90C_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030176Member_zG1kGsWnQ5yl">57</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030176Member_zOcFJA4okOCi">76%</span></span></td></tr> </table> 34899657 241497 57 0.76 <p id="xdx_80D_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030176Member_zA40AU1OxGT7" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="slcgx_002.jpg" style="height: 275px; width: 350px"/></p> </div> 0.000 0.068 0.027 0.544 0.047 0.000 0.157 0.000 0.056 0.102 0.000 <p id="xdx_807_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030176Member_zIMqyGaMkuDh" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">NVIDIA Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030176Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_zFmcmFZA0e09">13.50</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Microsoft Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030176Member__oef--LargestHoldingAxis__custom--MicrosoftCorpMember_zDtWYMsieDE4">4.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Alphabet Inc, Class A</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030176Member__oef--LargestHoldingAxis__custom--AlphabetIncClassAMember_zirkyQIBwwfd">4.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Alphabet Inc, Class C</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030176Member__oef--LargestHoldingAxis__custom--AlphabetIncClassCMember_zwmVdXG5c9Ci">4.30</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Apple Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030176Member__oef--LargestHoldingAxis__custom--AppleIncMember_zqsoMpaZAyc8">4.20</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Broadcom, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030176Member__oef--LargestHoldingAxis__custom--BroadcomIncMember_z8KvLwWt3Ayi">4.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Roku, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030176Member__oef--LargestHoldingAxis__custom--RokuIncMember_zN2dmhdWRZdf">2.90</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Amazon.com, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030176Member__oef--LargestHoldingAxis__custom--AmazonComIncMember_zdxCw1kRc8aa">2.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Arista Networks, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030176Member__oef--LargestHoldingAxis__custom--AristaNetworksIncMember_z8nIpy6iPCY1">2.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Airbnb, Inc Class A</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030176Member__oef--LargestHoldingAxis__custom--AirbnbIncClassAMember_zjYRLzJVVbT1">2.80</span></td></tr> </table> <div style="float: none; clear: both; width: 100%"> </div> 0.1350 0.0460 0.0440 0.0430 0.0420 0.0400 0.0290 0.0280 0.0280 0.0280 <p id="xdx_80C_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030176Member_zhrjB67DlVx1" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SPMAX Class A This <span id="xdx_90C_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030158Member_z9neYpuw8ETe">annual shareholder report</span> contains important information about the Saratoga Mid Capitalization Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com/fund-reports 1-888-672-4839 <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030158Member_zXp1f4edwkCe" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030158Member_zWqOP5vpYVI4">Saratoga Mid Capitalization Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_905_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030158Member_zig4RtMgcbEc">305</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90B_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030158Member_zQmtMgzTtAP8">2.84%</span></span></td></tr> </table> Saratoga Mid Capitalization Fund 305 0.0284 <p id="xdx_80F_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030158Member_zEZJOZhbnWm" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> During the period, stock selection in Information Technology was the largest contributor to performance, with Marvell Technology as the top name. Underweight positions in Communication Services and Real Estate, both underperforming sectors, also contributed, as did stock selection within Consumer Staples, led by Dollar General. <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The greatest detractor was stock selection in Industrials, with Trex Company as the weakest name. Security selection within Financials also detracted, led by Robinhood Markets. Selection and an overweight position in Consumer Discretionary, an underperforming sector, weighed on performance, with AutoZone as the largest drag, as did selection and an overweight position in Utilities, where CMS Energy was the largest detractor. Selection within Health Care (IQVIA Holdings), Materials (Vulcan Materials) and Energy (Baker Hughes) also detracted.</span></p> </td></tr> </table> <p id="xdx_805_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030158Member_z63j2iGl8JL6" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted.</i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="spmax_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 9598 10384 10545 8/31/2017 10839 12651 12218 8/31/2018 8990 12097 10833 8/31/2019 11681 15906 13636 8/31/2020 12817 18832 15299 8/31/2021 15363 24238 18904 8/31/2022 13535 19848 16231 8/31/2023 15634 25066 18814 8/31/2024 18360 31337 21495 8/31/2025 20171 36940 23417 8/31/2026 22771 41793 26884 <p id="xdx_802_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030158Member_zbqJsCyK2id1" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Mid Capitalization Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030158WithSaleLoadMemberMember_zhDiswR6c6m6">8.23%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030158WithSaleLoadMemberMember_zYJGBabBUred">7.28%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030158WithSaleLoadMemberMember_zMKBdt6CgfB4">8.58%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Mid Capitalization Fund, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030158Member_z9WY8VBFFTTa">14.83%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030158Member_zeEAcXt5FGOk">8.56%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030158Member_zFAp1eLrGc7j">9.22%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">S&amp;P 500^® Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030158SP500IndexMember_zov68Cprrdag">20.38%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030158SP500IndexMember_zf1Ubp0KsEkb">12.79%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030158SP500IndexMember_zKiKY220q0L6">15.37%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Morningstar US Fund Mid Capitalization Blend Category</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030158MorningstarUSFundMidCapitalizationBlendCategoryMember_zkqzvmU4mYy8">17.07%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030158MorningstarUSFundMidCapitalizationBlendCategoryMember_z9p9DBEnTPt5">7.89%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030158MorningstarUSFundMidCapitalizationBlendCategoryMember_z8OD0shO9e1b">10.88%</span></span></td></tr> </table> 0.0823 0.0728 0.0858 0.1483 0.0856 0.0922 0.2038 0.1279 0.1537 0.1707 0.0789 0.1088 <p id="xdx_801_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030158Member_zLoV5uNcjfUi" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90E_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030158Member_zydK5zpnL1K2">10,497,953</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%">$<span id="xdx_90A_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030158Member_zFa7GWwfxpFl">81,607</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030158Member_z2OMG767iXCi">66</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span id="xdx_908_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030158Member_zKy08Ih08AI8">126%</span></td></tr> </table> 10497953 81607 66 1.26 <p id="xdx_80E_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030158Member_zzidYxxfIrm3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="spmax_002.jpg" style="height: 276px; width: 350px"/></div> 0.127 0.082 0.026 0.147 0.249 0.086 0.000 0.005 0.064 0.164 0.051 <p id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030158Member_z5UoRymmnnb5" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%">Dreyfus Inst Prefer Govt Money Mkt Inst Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030158Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zW1Osy8im8ek">4.54</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Alliant Energy Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030158Member__oef--LargestHoldingAxis__custom--AlliantEnergyCorpMember_zdKWBCTQb71b">3.31</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Baker Hughes Company</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030158Member__oef--LargestHoldingAxis__custom--BakerHughesCompanyMember_zW47rrxFzOz5">3.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">CMS Energy Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030158Member__oef--LargestHoldingAxis__custom--CMSEnergyCorpMember_zcSwRBvc6cd">3.24</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">SLB Ltd</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030158Member__oef--LargestHoldingAxis__custom--SLBLtdMember_zOnPS34YpCz1">3.04</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">WEC Energy Group, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030158Member__oef--LargestHoldingAxis__custom--WECEnergyGroupIncMember_zw7HXAYH3RG4">3.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Evergy, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030158Member__oef--LargestHoldingAxis__custom--EvergyIncMember_z3HDy63tKu8i">2.99</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">AutoZone, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030158Member__oef--LargestHoldingAxis__custom--AutoZoneIncMember_znNX6YTc75pg">2.91</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Dollar General Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030158Member__oef--LargestHoldingAxis__custom--DollarGeneralCorpMember_zCldDHphmGwh">2.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vulcan Materials Company</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030158Member__oef--LargestHoldingAxis__custom--VulcanMaterialsCompanyMember_zQwqcbYKbUg9">2.54</span></span></td></tr> </table> <div style="float: none; clear: both; width: 100%"> </div> 0.0454 0.0331 0.0330 0.0324 0.0304 0.0300 0.0299 0.0291 0.0260 0.0254 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030158Member_zF7qcCL3Fb7g" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SPMCX Class C This <span id="xdx_904_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030157Member_z8z4rY1JM6Ic">annual shareholder report</span> contains important information about the Saratoga Mid Capitalization Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com/fund-reports 1-888-672-4839 <p id="xdx_808_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030157Member_z2q8kr1gYzkh" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030157Member_zqqnv73u6Bw6">Saratoga Mid Capitalization Fund</span>, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_904_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030157Member_zlwpNHpzRnz5">365</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_904_eoef--ExpenseRatioPct_dp_c20250901__20260831__oef--ClassAxis__custom--C000030157Member_zogBz6Pqp4u1">3.41%</span></span></td></tr> </table> Saratoga Mid Capitalization Fund 365 0.0341 <p id="xdx_807_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030157Member_zORViNWR6HT2" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> During the period, stock selection in Information Technology was the largest contributor to performance, with Marvell Technology as the top name. Underweight positions in Communication Services and Real Estate, both underperforming sectors, also contributed, as did stock selection within Consumer Staples, led by Dollar General. <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The greatest detractor was stock selection in Industrials, with Trex Company as the weakest name. Security selection within Financials also detracted, led by Robinhood Markets. Selection and an overweight position in Consumer Discretionary, an underperforming sector, weighed on performance, with AutoZone as the largest drag, as did selection and an overweight position in Utilities, where CMS Energy was the largest detractor. Selection within Health Care (IQVIA Holdings), Materials (Vulcan Materials) and Energy (Baker Hughes) also detracted.</span></p> </td></tr> </table> <p id="xdx_808_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030157Member_zvEqLIYm4NGl" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted.</i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="spmcx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 10172 10384 10545 8/31/2017 11418 12651 12218 8/31/2018 9413 12097 10833 8/31/2019 12148 15906 13636 8/31/2020 13254 18832 15299 8/31/2021 15809 24238 18904 8/31/2022 13831 19848 16231 8/31/2023 15884 25066 18814 8/31/2024 18536 31337 21495 8/31/2025 20287 36940 23417 8/31/2026 22779 41793 26884 <p id="xdx_80A_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030157Member_zfzllTlWOM3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Mid Capitalization Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030157WithSaleLoadMember_ze9CEzLqNRla">13.05%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030157WithSaleLoadMember_zMoHgLPGY2M6">7.92%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030157WithSaleLoadMember_z8NNLkOwDty9">8.58%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Mid Capitalization Fund, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030157Member_z5GkdZ1YNi88">14.05%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030157Member_zqb3n81D1aYg">7.92%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030157Member_zXp3XZOhqyv7">8.58%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">S&amp;P 500^® Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030157SP500IndexMember_z9sSNIwEqZWg">20.38%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030157SP500IndexMember_z947Rc156GP2">12.79%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030157SP500IndexMember_zOj2rJ1G4EMa">15.37%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Morningstar US Fund Mid Capitalization Blend Category</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030157MorningstarUSFundMidCapitalizationBlendCategoryMember_zBWoWoQJImqh">17.07%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030157MorningstarUSFundMidCapitalizationBlendCategoryMember_zhaswhMGV5zh">7.89%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030157MorningstarUSFundMidCapitalizationBlendCategoryMember_zuepluYJcJTe">10.88%</span></span></td></tr> </table> 0.1305 0.0792 0.0858 0.1405 0.0792 0.0858 0.2038 0.1279 0.1537 0.1707 0.0789 0.1088 <p id="xdx_801_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030157Member_zGpgUWAMPOE5" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90A_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030157Member_zOdNY7xEaYBb">10,497,953</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%">$<span id="xdx_90D_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030157Member_zVLcBqo2Yyo9">81,607</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030157Member_zKPNwghLvlob">66</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span id="xdx_906_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030157Member_zQHFcn0UTj1b">126%</span></td></tr> </table> 10497953 81607 66 1.26 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030157Member_zwnrezsJAgkc" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="spmcx_002.jpg" style="height: 276px; width: 350px"/> </div> 0.127 0.082 0.026 0.147 0.249 0.086 0.000 0.005 0.064 0.164 0.051 <p id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030157Member_ziKkCbnjvqSa" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030157Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zmyq1PlYNrA5">4.54</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Alliant Energy Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030157Member__oef--LargestHoldingAxis__custom--AlliantEnergyCorpMember_zp8O9qvO7IEi">3.31</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Baker Hughes Company</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030157Member__oef--LargestHoldingAxis__custom--BakerHughesCompanyMember_z4oQQlb7gkCh">3.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">CMS Energy Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030157Member__oef--LargestHoldingAxis__custom--CMSEnergyCorpMember_zEAlt2iGwa0a">3.24</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">SLB Ltd</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030157Member__oef--LargestHoldingAxis__custom--SLBLtdMember_z0KHpNQVf0k6">3.04</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">WEC Energy Group, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030157Member__oef--LargestHoldingAxis__custom--WECEnergyGroupIncMember_zzsvrPtHBvh4">3.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Evergy, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030157Member__oef--LargestHoldingAxis__custom--EvergyIncMember_zFlrvTk2J0I9">2.99</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">AutoZone, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90C_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030157Member__oef--LargestHoldingAxis__custom--AutoZoneIncMember_zIxufytPK5U3">2.91</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Dollar General Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030157Member__oef--LargestHoldingAxis__custom--DollarGeneralCorpMember_zor6225xRy27">2.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vulcan Materials Company</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030157Member__oef--LargestHoldingAxis__custom--VulcanMaterialsCompanyMember_zqdLJgpMs41">2.54</span></span></td></tr> </table> <div style="float: none; clear: both; width: 100%"> </div> 0.0454 0.0331 0.0330 0.0324 0.0304 0.0300 0.0299 0.0291 0.0260 0.0254 <p id="xdx_80A_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030157Member_zo7FlZxXYp5e" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SMIPX Class I This <span id="xdx_90D_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030155Member_zqaaBMfsQtGe">annual shareholder report</span> contains important information about the Saratoga Mid Capitalization Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com/fund-reports 1-888-672-4839 <p id="xdx_801_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030155Member_zxKrVFSXypR8" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030155Member_z0l05FPYZWT7">Saratoga Mid Capitalization Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90D_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030155Member_zdW6UHL4FmG6">264</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90C_eoef--ExpenseRatioPct_dp_c20250901__20260831__oef--ClassAxis__custom--C000030155Member_zAbbr2h0MUuc">2.45%</span></span></td></tr> </table> Saratoga Mid Capitalization Fund 264 0.0245 <p id="xdx_803_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030155Member_zjq0ESpIgN5f" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> During the period, stock selection in Information Technology was the largest contributor to performance, with Marvell Technology as the top name. Underweight positions in Communication Services and Real Estate, both underperforming sectors, also contributed, as did stock selection within Consumer Staples, led by Dollar General. <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The greatest detractor was stock selection in Industrials, with Trex Company as the weakest name. Security selection within Financials also detracted, led by Robinhood Markets. Selection and an overweight position in Consumer Discretionary, an underperforming sector, weighed on performance, with AutoZone as the largest drag, as did selection and an overweight position in Utilities, where CMS Energy was the largest detractor. Selection within Health Care (IQVIA Holdings), Materials (Vulcan Materials) and Energy (Baker Hughes) also detracted.</span></p> </td></tr> </table> <p id="xdx_80E_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030155Member_zRy5HT7XMNG" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted.</i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="smipx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 10207 10384 10545 8/31/2017 11566 12651 12218 8/31/2018 9632 12097 10833 8/31/2019 12559 15906 13636 8/31/2020 13842 18832 15299 8/31/2021 16669 24238 18904 8/31/2022 14735 19848 16231 8/31/2023 17100 25066 18814 8/31/2024 20153 31337 21495 8/31/2025 22223 36940 23417 8/31/2026 25154 41793 26884 <p id="xdx_804_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030155Member_zSgZQHxGQuM8" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030155Member_zIOMxFZbQMb9">15.25%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030155Member_zcDw0hdkghfl">8.99%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030155Member_zmBIvMoeXwH9">9.66%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">S&amp;P 500^® Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030155SP500IndexMember_zzT18dCcBiMi">20.38%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030155SP500IndexMember_z0Ie423t0B1g">12.79%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030155SP500IndexMember_z5CfaUj0R4m2">15.37%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Morningstar US Fund Mid Capitalization Blend Category</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030155MorningstarUSFundMidCapitalizationBlendCategoryMember_zmbqUE8Wk755">17.07%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030155MorningstarUSFundMidCapitalizationBlendCategoryMember_zXze1l9i6QBe">7.89%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030155MorningstarUSFundMidCapitalizationBlendCategoryMember_zRgqYiXta6Jb">10.88%</span></span></td></tr> </table> 0.1525 0.0899 0.0966 0.2038 0.1279 0.1537 0.1707 0.0789 0.1088 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030155Member_zxi8X5rq6uR" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_905_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030155Member_zm2w8JWZ3z02">10,497,953</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%">$<span id="xdx_90B_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030155Member_zggvLGJjK2Rh">81,607</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030155Member_zLXWZgibXkp1">66</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span id="xdx_90A_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030155Member_z02h350P4agg">126%</span></td></tr> </table> 10497953 81607 66 1.26 <p id="xdx_80B_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030155Member_zqO2MsPb3trd" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="smipx_002.jpg" style="height: 276px; width: 350px"/> </div> 0.127 0.082 0.026 0.147 0.249 0.086 0.000 0.005 0.064 0.164 0.051 <p id="xdx_80D_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030155Member_zgaDiewTMv5d" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030155Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovMoneMktInstClassMember_zH3lFbgDUHsd">4.54</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Alliant Energy Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030155Member__oef--LargestHoldingAxis__custom--AlliantEnergyCorpMember_zSmpYHn8QfW4">3.31</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Baker Hughes Company</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030155Member__oef--LargestHoldingAxis__custom--BakerHughesCompanyMember_zrthRKZDfEh3">3.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">CMS Energy Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030155Member__oef--LargestHoldingAxis__custom--CMSEnergyCorpMember_zGjrKgJGg8ci">3.24</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">SLB Ltd</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030155Member__oef--LargestHoldingAxis__custom--SLBLtdMember_z7UjjroDcZGe">3.04</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">WEC Energy Group, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030155Member__oef--LargestHoldingAxis__custom--WECEnergyGroupIncMember_zRO5jAqbWl52">3.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Evergy, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030155Member__oef--LargestHoldingAxis__custom--EvergyIncMember_zE57omxaTwqa">2.99</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">AutoZone, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030155Member__oef--LargestHoldingAxis__custom--AutoZoneIncMember_ziDHPfKxfI74">2.91</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Dollar General Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030155Member__oef--LargestHoldingAxis__custom--DollarGeneralCorpMember_z6yAdgSeLOjh">2.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vulcan Materials Company</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030155Member__oef--LargestHoldingAxis__custom--VulcanMaterialsCompanyMember_zvXa0FuS5Pc9">2.54</span></span></td></tr> </table> <div style="float: none; clear: both; width: 100%"> </div> 0.0454 0.0331 0.0330 0.0324 0.0304 0.0300 0.0299 0.0291 0.0260 0.0254 <p id="xdx_80C_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030155Member_zcexIDjj7CPg" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SSCYX Class A This <span id="xdx_90D_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030179Member_zUXzNpRZeTaj">annual shareholder report</span> contains important information about the Saratoga Small Capitalization Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com/fund-reports 1-888-672-4839 <p id="xdx_80F_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030179Member_zOXKJCabmyn" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030179Member_zB7V38QdO77e">Saratoga Small Capitalization Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_903_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030179Member_zRoCFWTBUVmf">254</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--ExpenseRatioPct_dp_c20250901__20260831__oef--ClassAxis__custom--C000030179Member_zsk3ZHIgxoVe">2.34%</span></span></td></tr> </table> Saratoga Small Capitalization Fund 254 0.0234 <p id="xdx_801_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030179Member_zlDEHRSRy4Pd" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">At the sector level, Industrials and Financials remained the Fund’s largest sectors and were overweight relative to the Russell 2000 Index. Stock selection in Industrials was consistently strong, and sector allocation benefited at different points from underweights to Consumer Discretionary and Energy. Health Care led the Fund in late 2025 as several biotech holdings rebounded, while Energy declined amid easing oil prices. Information Technology led during the spring and early summer of 2026, as AI-related demand broadened across more businesses. Detractors included the Fund’s Communication Services holdings, which retreated in the first quarter of 2026 after a long multi-year advance, and its Energy holdings in the second quarter of 2026, as falling oil prices weighed on more leveraged small-cap oil and oil-services companies.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Stock selection was an important source of gains. In late 2025, Rigel Pharmaceuticals rose after raising its revenue outlook and reporting positive clinical-trial results, Hecla Mining benefited from stronger gold and silver prices, and GeneDx advanced as earnings repeatedly exceeded estimates. In early 2026, Advanced Energy Industries benefited from demand in semiconductor and data-center markets, Comfort Systems gained from technology-related mechanical and electrical projects, and Kulicke &amp; Soffa advanced on semiconductor assembly demand. Gains strengthened in the summer of 2026, particularly among holdings connected to AI infrastructure. Credo Technology rose on accelerating demand for AI networking products and stronger-than-expected earnings and guidance. Bloom Energy benefited from demand for reliable power for AI data centers, while Sterling Infrastructure advanced on a robust project backlog and continued spending on data centers and other infrastructure. Kulicke &amp; Soffa and Sanmina also posted strong gains, supported by semiconductor demand and AI-infrastructure-related orders and earnings.</span></p> </td></tr> </table> <p id="xdx_801_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030179Member_zR6MmbOEZPna" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="sscyx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 10383 10384 11018 8/31/2017 11963 12651 12384 8/31/2018 9964 12097 10808 8/31/2019 12267 15906 13348 8/31/2020 15386 18832 14775 8/31/2021 19068 24238 18298 8/31/2022 15681 19848 15306 8/31/2023 17990 25066 17758 8/31/2024 19877 31337 19677 8/31/2025 21054 36940 21188 8/31/2026 24756 41793 25035 <p id="xdx_806_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030179Member_zau6nR3Depp8" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><b>10 Years</b></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Small Capitalization Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030179WithSaleLoadMember_z2zZN9AMdFWe">10.48%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030179WithSaleLoadMember_zIcnxz5PVN98">5.50%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030179WithSaleLoadMember_z1kzzqJfor17">9.50%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Small Capitalization Fund, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030179Member_zggPk3QxQZG4">17.19%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030179Member_zZyYNViiu0P1">6.75%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030179Member_zOy769eLgyd4">10.14%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030179SP500IndexMember_zwFtdIPTvrkg">20.38%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030179SP500IndexMember_z4HlwSRNwE6d">12.79%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030179SP500IndexMember_zKDhfXjypzjh">15.37%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar US Fund Small Capitalization Blend Category</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030179MorningstarUSFundSmallCapitalizationBlendCategoryMember_zJgOHTC2Uy36">20.98%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030179MorningstarUSFundSmallCapitalizationBlendCategoryMember_zRvOPm8cIDw9">7.29%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030179MorningstarUSFundSmallCapitalizationBlendCategoryMember_zY6rGyOBJFL7">10.34%</span></span></td></tr> </table> 0.1048 0.0550 0.0950 0.1719 0.0675 0.1014 0.2038 0.1279 0.1537 0.2098 0.0729 0.1034 <p id="xdx_80B_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030179Member_z6Xr6hINwMo3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_907_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030179Member_zFsFuKRJZjq5">7,064,279</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90B_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030179Member_zGaNXxryox35">44,001</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030179Member_zmCNuF0VWmzi">103</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span id="xdx_901_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030179Member_zu1CNjDgT6Cj">125%</span></td></tr> </table> 7064279 44001 103 1.25 <p id="xdx_80C_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030179Member_zEBw3l1cJQmc" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <img alt="" src="sscyx_002.jpg" style="height: 275px; width: 350px"/><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> 0.000 0.135 0.014 0.213 0.210 0.029 0.012 0.035 0.213 0.076 0.064 <p id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030179Member_zsL7azHddG3h" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030179Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_ziHyXkJGpaXa">3.05</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vestis Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030179Member__oef--LargestHoldingAxis__custom--VestisCorpMember_zKIlpi2iSwvh">1.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Allient, Inc</span> </td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030179Member__oef--LargestHoldingAxis__custom--AllientIncMember_zYe8rPNqszs7">1.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Commvault Systems, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030179Member__oef--LargestHoldingAxis__custom--CommvaultSystemsIncMember_zk36kzWsipSk">1.87</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Kulicke &amp; Soffa Industries, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030179Member__oef--LargestHoldingAxis__custom--KulickeAndSoffaIndustriesIncMember_zagSSs6kxRg8">1.86</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">International Seaways, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030179Member__oef--LargestHoldingAxis__custom--InternationalSeawaysIncMember_zvNpWnIqW7B">1.85</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Comfort Systems USA, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030179Member__oef--LargestHoldingAxis__custom--ComfortSystemsUSAIncMember_zmo7l6bh5n26">1.82</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Independent Bank Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030179Member__oef--LargestHoldingAxis__custom--IndependentBankCorpMember_zMuuQLqKBlS6">1.74</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Watts Water Technologies, Inc Class A</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030179Member__oef--LargestHoldingAxis__custom--WattsWaterTechnologiesIncClassAMember_zy6cUZ7MnUu9">1.63</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Remitly Global, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030179Member__oef--LargestHoldingAxis__custom--RemitlyGlobalIncMember_zXIgLHfYd229">1.60</span></span></td></tr> </table> 0.0305 0.0190 0.0190 0.0187 0.0186 0.0185 0.0182 0.0174 0.0163 0.0160 <p id="xdx_801_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030179Member_zDpFdhbUX83c" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SSCCX This <span id="xdx_909_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030182Member_zebl7AzAq367">annual shareholder report</span> contains important information about the Saratoga Small Capitalization Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com/fund-reports 1-888-672-4839 <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030182Member_zR8ioF4fn3Tg" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030182Member_zIDfDVtry903">Saratoga Small Capitalization Fund</span>, <span id="xdx_909_eoef--ClassName_c20250901__20260831__oef--ClassAxis__custom--C000030182Member_zcx9KN2f9k">Class C</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_905_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030182Member_zcu3Y3LPogR8">306</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--ExpenseRatioPct_dp_c20250901__20260831__oef--ClassAxis__custom--C000030182Member_zSkSBdVMUE8k">2.83%</span></span></td></tr> </table> Saratoga Small Capitalization Fund Class C 306 0.0283 <p id="xdx_809_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030182Member_zTPDYNNiQZ2c" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">At the sector level, Industrials and Financials remained the Fund’s largest sectors and were overweight relative to the Russell 2000 Index. Stock selection in Industrials was consistently strong, and sector allocation benefited at different points from underweights to Consumer Discretionary and Energy. Health Care led the Fund in late 2025 as several biotech holdings rebounded, while Energy declined amid easing oil prices. Information Technology led during the spring and early summer of 2026, as AI-related demand broadened across more businesses. Detractors included the Fund’s Communication Services holdings, which retreated in the first quarter of 2026 after a long multi-year advance, and its Energy holdings in the second quarter of 2026, as falling oil prices weighed on more leveraged small-cap oil and oil-services companies.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Stock selection was an important source of gains. In late 2025, Rigel Pharmaceuticals rose after raising its revenue outlook and reporting positive clinical-trial results, Hecla Mining benefited from stronger gold and silver prices, and GeneDx advanced as earnings repeatedly exceeded estimates. In early 2026, Advanced Energy Industries benefited from demand in semiconductor and data-center markets, Comfort Systems gained from technology-related mechanical and electrical projects, and Kulicke &amp; Soffa advanced on semiconductor assembly demand. Gains strengthened in the summer of 2026, particularly among holdings connected to AI infrastructure. Credo Technology rose on accelerating demand for AI networking products and stronger-than-expected earnings and guidance. Bloom Energy benefited from demand for reliable power for AI data centers, while Sterling Infrastructure advanced on a robust project backlog and continued spending on data centers and other infrastructure. Kulicke &amp; Soffa and Sanmina also posted strong gains, supported by semiconductor demand and AI-infrastructure-related orders and earnings.</p> </td></tr> </table> <p id="xdx_804_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030182Member_zkjMhbytQ0Rl" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="ssccx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 11011 10384 11018 8/31/2017 12599 12651 12384 8/31/2018 10457 12097 10808 8/31/2019 12764 15906 13348 8/31/2020 15942 18832 14775 8/31/2021 19610 24238 18298 8/31/2022 16008 19848 15306 8/31/2023 18373 25066 17758 8/31/2024 20141 31337 19677 8/31/2025 20978 36940 21188 8/31/2026 24680 41793 25035 <p id="xdx_804_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030182Member_z4ZApopHDxBd" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><b>10 Years</b></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Small Capitalization Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030182WithSaleLoadMember_zR8lKLR7I8Gh">15.25%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030182WithSaleLoadMember_zEkIn7DifX09">6.05%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030182WithSaleLoadMember_zbvEkbpGxKe5">9.45%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Small Capitalization Fund, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030182Member_zqOepy1sqr44">16.25%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030182Member_zyx2VhZ2zQwi">6.05%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030182Member_zXCAq8EKxBXa">9.45%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030182SP500IndexMember_zosgSC507V16">20.38%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030182SP500IndexMember_z9idbsfM0Xw9">12.79%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030182SP500IndexMember_zOLeFqVugQnf">15.37%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar US Fund Small Capitalization Blend Category</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030182MorningstarUSFundSmallCapitalizationBlendCategoryMember_z87dyQ1XW96j">20.98%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030182MorningstarUSFundSmallCapitalizationBlendCategoryMember_zM1MGorWL9L1">7.29%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030182MorningstarUSFundSmallCapitalizationBlendCategoryMember_z5SsNhkjZIg8">10.34%</span></span></td></tr> </table> 0.1525 0.0605 0.0945 0.1625 0.0605 0.0945 0.2038 0.1279 0.1537 0.2098 0.0729 0.1034 <p id="xdx_809_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030182Member_zCBfrP0idf6l" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_904_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030182Member_zvMZTUwFgUmk">7,064,279</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_906_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030182Member_zCrXBNTOFoK2">44,001</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030182Member_z69g9cVXa6U8">103</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span id="xdx_90A_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030182Member_ztkfuh5zJfV4">125%</span></td></tr> </table> 7064279 44001 103 1.25 <p id="xdx_807_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030182Member_zanHfX2khnsf" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="ssccx_002.jpg" style="height: 275px; width: 350px"/> </div> 0.000 0.135 0.014 0.213 0.210 0.029 0.012 0.035 0.213 0.076 0.064 <p id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030182Member_zgvLMXIiEeFc" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030182Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_z5Nzmup89Dp6">3.05</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vestis Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030182Member__oef--LargestHoldingAxis__custom--VestisCorpMember_zFpnBmVJ9h1">1.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Allient, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030182Member__oef--LargestHoldingAxis__custom--AllientIncMember_za4G7sFGDwOj">1.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Commvault Systems, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030182Member__oef--LargestHoldingAxis__custom--CommvaultSystemsIncMember_zpol9mKpupW6">1.87</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Kulicke &amp; Soffa Industries, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030182Member__oef--LargestHoldingAxis__custom--KulickeAndSoffaIndustriesIncMember_z6v6EKCfqDRd">1.86</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">International Seaways, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030182Member__oef--LargestHoldingAxis__custom--InternationalSeawaysIncMember_zmYqr7JIMsX1">1.85</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Comfort Systems USA, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030182Member__oef--LargestHoldingAxis__custom--ComfortSystemsUSAIncMember_z77bHg4S4sF">1.82</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Independent Bank Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030182Member__oef--LargestHoldingAxis__custom--IndependentBankCorpMember_zbTyAcoj0JEe">1.74</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Watts Water Technologies, Inc Class A</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030182Member__oef--LargestHoldingAxis__custom--WattsWaterTechnologiesIncClassAMember_zsKzpjJpy4vi">1.63</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Remitly Global, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030182Member__oef--LargestHoldingAxis__custom--RemitlyGlobalIncMember_zi1CZHoU2DNc">1.60</span></span></td></tr> </table> 0.0305 0.0190 0.0190 0.0187 0.0186 0.0185 0.0182 0.0174 0.0163 0.0160 <p id="xdx_80C_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030182Member_z2vsNoXrNWsc" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> SSCPX This <span id="xdx_905_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030180Member_zAbvbx6ezUwk">annual shareholder report</span> contains important information about the Saratoga Small Capitalization Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com/fund-reports 1-888-672-4839 <p id="xdx_80D_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030180Member_zX2IKhjA8VH1" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030180Member_zuK2KfuR29y8">Saratoga Small Capitalization Fund</span>, <span id="xdx_902_eoef--ClassName_c20250901__20260831__oef--ClassAxis__custom--C000030180Member_zxf1CvYJRuB5">Class I</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90C_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030180Member_zbbXaseUK7lj">210</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90E_eoef--ExpenseRatioPct_dp_c20250901__20260831__oef--ClassAxis__custom--C000030180Member_zlPwU3AQAca1">1.93%</span></td></tr> </table> Saratoga Small Capitalization Fund Class I 210 0.0193 <p id="xdx_802_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030180Member_zV4u1W5fCHZd" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">At the sector level, Industrials and Financials remained the Fund’s largest sectors and were overweight relative to the Russell 2000 Index. Stock selection in Industrials was consistently strong, and sector allocation benefited at different points from underweights to Consumer Discretionary and Energy. Health Care led the Fund in late 2025 as several biotech holdings rebounded, while Energy declined amid easing oil prices. Information Technology led during the spring and early summer of 2026, as AI-related demand broadened across more businesses. Detractors included the Fund’s Communication Services holdings, which retreated in the first quarter of 2026 after a long multi-year advance, and its Energy holdings in the second quarter of 2026, as falling oil prices weighed on more leveraged small-cap oil and oil-services companies.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Stock selection was an important source of gains. In late 2025, Rigel Pharmaceuticals rose after raising its revenue outlook and reporting positive clinical-trial results, Hecla Mining benefited from stronger gold and silver prices, and GeneDx advanced as earnings repeatedly exceeded estimates. In early 2026, Advanced Energy Industries benefited from demand in semiconductor and data-center markets, Comfort Systems gained from technology-related mechanical and electrical projects, and Kulicke &amp; Soffa advanced on semiconductor assembly demand. Gains strengthened in the summer of 2026, particularly among holdings connected to AI infrastructure. Credo Technology rose on accelerating demand for AI networking products and stronger-than-expected earnings and guidance. Bloom Energy benefited from demand for reliable power for AI data centers, while Sterling Infrastructure advanced on a robust project backlog and continued spending on data centers and other infrastructure. Kulicke &amp; Soffa and Sanmina also posted strong gains, supported by semiconductor demand and AI-infrastructure-related orders and earnings.</p> </td></tr> </table> <p id="xdx_809_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030180Member_zsWLYimzSk9e" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="sscpx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 11035 10384 11018 8/31/2017 12754 14239 12384 8/31/2018 10674 12651 10808 8/31/2019 13204 12097 13348 8/31/2020 16555 15906 14775 8/31/2021 20613 18832 18298 8/31/2022 17016 19848 15306 8/31/2023 19596 25066 17758 8/31/2024 21723 31337 19677 8/31/2025 23114 36940 21188 8/31/2026 27264 41793 25035 <p id="xdx_804_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030180Member_zh9YdhL4mcnd" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><b>10 Years</b></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Small Capitalization Fund, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030180Member_z2q7mNYphjK3">17.78%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030180Member_zU9JuFigFk24">7.16%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030180Member_zDgnz2IgDQq4">10.55%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030180SP500IndexMember_zBcWp0djiK9d">20.38%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030180SP500IndexMember_zhlxNL0TJSd7">12.79%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030180SP500IndexMember_zluPfjxapdtl">15.37%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar US Fund Small Capitalization Blend Category</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030180MorningstarUSFundSmallCapitalizationBlendCategoryMember_zm73gCQMVaF1">20.98%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030180MorningstarUSFundSmallCapitalizationBlendCategoryMember_zDv6ApB8NGm9">7.29%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030180MorningstarUSFundSmallCapitalizationBlendCategoryMember_zShVj1quhCJc">10.34%</span></span></td></tr> </table> 0.1778 0.0716 0.1055 0.2038 0.1279 0.1537 0.2098 0.0729 0.1034 <p id="xdx_807_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030180Member_zTDTeaWny9Yh" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_904_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030180Member_zHdroSbhWmO1">7,064,279</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_901_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030180Member_zhrvXVQ3ZYp6">44,001</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030180Member_z8XCb2v4ryQ1">103</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span id="xdx_909_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030180Member_zA8lgdTBnJCa">125%</span></td></tr> </table> 7064279 44001 103 1.25 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030180Member_zyFKhOrOk7Ef" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="sscpx_002.jpg" style="height: 275px; width: 350px"/> </div> 0.000 0.135 0.014 0.213 0.210 0.029 0.012 0.035 0.213 0.076 0.064 <p id="xdx_800_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030180Member_znOp7gg6qNv7" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%">Dreyfus Inst Prefer Govt Money Mkt Inst Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030180Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zgIjgaKf5Dzb">3.05</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vestis Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030180Member__oef--LargestHoldingAxis__custom--VestisCorpMember_zHa6GTu9QA02">1.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Allient, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030180Member__oef--LargestHoldingAxis__custom--AllientIncMember_zZW95tm5JuY4">1.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Commvault Systems, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030180Member__oef--LargestHoldingAxis__custom--CommvaultSystemsIncMember_z96R9Qgz6i39">1.87</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Kulicke &amp; Soffa Industries, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030180Member__oef--LargestHoldingAxis__custom--KulickeAndSoffaIndustriesIncMember_zhdr79MrroPf">1.86</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">International Seaways, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030180Member__oef--LargestHoldingAxis__custom--InternationalSeawaysIncMember_z6icxu5iPUA4">1.85</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Comfort Systems USA, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030180Member__oef--LargestHoldingAxis__custom--ComfortSystemsUSAIncMember_ztPGaa4AcG1k">1.82</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Independent Bank Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030180Member__oef--LargestHoldingAxis__custom--IndependentBankCorpMember_zTKWq1oylEHl">1.74</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Watts Water Technologies, Inc Class A</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030180Member__oef--LargestHoldingAxis__custom--WattsWaterTechnologiesIncClassAMember_zKJY1xTcHVV6">1.63</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Remitly Global, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030180Member__oef--LargestHoldingAxis__custom--RemitlyGlobalIncMember_z9M57f2gJBqh">1.60</span></span></td></tr> </table> 0.0305 0.0190 0.0190 0.0187 0.0186 0.0185 0.0182 0.0174 0.0163 0.0160 <p id="xdx_806_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030180Member_z01AJJsuhIEk" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SIEYX Class A This <span id="xdx_90A_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030183Member_z3d3U3UQDmx2">annual shareholder report</span> contains important information about the Saratoga International Equity Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com/fund-reports 1-888-672-4839 <p id="xdx_80C_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030183Member_zqoYCzOY1DIb" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030183Member_zVVR9myIeuK9">Saratoga International Equity Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_909_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030183Member_zVCk2vnoNpS5">373</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--ExpenseRatioPct_dp_c20250901__20260831__oef--ClassAxis__custom--C000030183Member_zsJVt3pS539g">3.29%</span></span></td></tr> </table> Saratoga International Equity Fund 373 0.0329 <p id="xdx_804_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030183Member_z3gkEd9MVF79" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a regional perspective, Developed Europe was the largest positive contributor to relative performance, led by holdings in Spain and Italy. Emerging Asia was the only region with negative stock selection, despite holding the Fund’s top three individual contributors, led by South Korean memory-chip maker SK hynix. China posted the worst relative return, with technology hardware maker Xiaomi and jewelry manufacturer Chow Tai Fook the largest detractors. Allocation effect was negative, largely due to the drag from a small cash position in a strong market, partly offset by an underweight to India and an overweight to South Korea.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a sector view, Financials had the strongest outperformance, led by Spanish banks CaixaBank and Banco Santander. Health Care was the next largest contributor, with Hansoh Pharmaceutical and Ipsen generating strong relative returns. Information Technology was the largest detracting sector because of Xiaomi, although it also held the Fund’s top contributors: SK hynix, Asia Vital Components and Taiwan Semiconductor. Not holding Samsung Electronics and ASML was a meaningful drag on performance.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Industrials was the second largest detracting sector, due mainly to Compagnie de Saint-Gobain and Hoshizaki. Sector allocation was slightly negative, as the benefit of an underweight to Communication Services was offset by the drag from cash.</p></td></tr> </table> <p id="xdx_805_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030183Member_zvv0AVnTXkB8" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="sieyx_001.jpg" style="height: 230px; width: 770px"/></p> 8/31/2016 9446 9993 8/31/2017 11164 12711 8/31/2018 8463 10906 8/31/2019 10104 13252 8/31/2020 10654 14663 8/31/2021 12667 15811 8/31/2022 9859 13281 8/31/2023 11261 15355 8/31/2024 11813 16204 8/31/2025 15516 21452 8/31/2026 18895 25101 <p id="xdx_802_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030183Member_z4tvfmAXmdh9" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga International Equity Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030183WithSaleLoadMember_z5faRSd2OgM4">19.54%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030183WithSaleLoadMember_zCRh2zN9XRF2">7.26%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030183WithSaleLoadMember_zLPg7R9hKgD1">6.57%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga International Equity Fund, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030183Member_zbBKT8v5OdQc">26.82%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030183Member_zcSD5mUzddXi">8.54%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030183Member_zuqXykJV9Go2">7.20%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">MSCI ACWI Ex-USA Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030183MSCIAWExUSAMember_zFdWm8qIlbUg">27.35%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030183MSCIAWExUSAMember_zmLj6G4Didyi">9.37%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030183MSCIAWExUSAMember_zp7jaGey0z54">9.64%</span></span></td></tr> </table> 0.1954 0.0726 0.0657 0.2682 0.0854 0.0720 0.2735 0.0937 0.0964 <p id="xdx_802_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030183Member_zzAvZZSlaN6a" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_901_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030183Member_z1Du6Pqgkef7">3,741,322</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90F_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030183Member_zLZL55WwlJA9">26,636</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030183Member_zwJj6wGExkYh">44</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_908_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030183Member_zoordSZREO0d">63%</span></span></td></tr> </table> 3741322 26636 44 0.63 <p id="xdx_805_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030183Member_zWt3ByvNBl1f" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="sieyx_002.jpg" style="height: 275px; width: 350px"/></p> </div> <table border="0" cellpadding="0" cellspacing="0" style="font: 11pt Aptos Narrow; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center; width: 63%">Utilities</td> <td style="display: none; text-align: center; width: 37%"><span id="xdx_90B_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--UtilitiesMember_zuISGiXKT64c">4.0%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Healthcare</td> <td style="display: none; text-align: center"><span id="xdx_900_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__us-gaap--HealthCareMember_z6JZSS5vzqb4">9.7%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Consumer Defensive</td> <td style="display: none; text-align: center"><span id="xdx_90D_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--ConsumerDefensiveMember_zc9XuqkLbFy4">8.1%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Technology</td> <td style="display: none; text-align: center"><span id="xdx_900_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--TechnologyMember_zCIEDjqmbPpl">22.7%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Industrials</td> <td style="display: none; text-align: center"><span id="xdx_90E_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--IndustrialsMember_z4CzyvQWALSj">11.6%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Energy</td> <td style="display: none; text-align: center"><span id="xdx_90D_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--EnergyMember_z6xPxfMMJ3fj">4.4%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Communication Services</td> <td style="display: none; text-align: center"><span id="xdx_90E_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--CommunicationServicesMember_zuOxC9fMeKu6">0.1%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Real Estate</td> <td style="display: none; text-align: center"><span id="xdx_90A_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__us-gaap--RealEstateMember_zc0WhYoOEP39">0.0%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Financial Services</td> <td style="display: none; text-align: center"><span id="xdx_904_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--FinancialServicesMember_zvhCmf88vaD6">27.4%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Consumer Cyclical</td> <td style="display: none; text-align: center"><span id="xdx_909_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--ConsumerCyclicalMember_zPGZ2FWq3Pth">6.8%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Basic Materials</td> <td style="display: none; text-align: center"><span id="xdx_90F_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--BasicMaterialsMember_zsejwhEXlaYb">5.2%</span></td></tr> </table> 0.040 0.097 0.081 0.227 0.116 0.044 0.001 0.000 0.274 0.068 0.052 <p id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030183Member_z5wsJhJYkhLa" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Taiwan Semiconductor Manufacturing</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingMember_zENAN2wM5nq8">4.55</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Dreyfus Treasury Obligations Cash Management</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--DreyfusTreasuryObligationsCashManagementMember_zCd0TAFZBa1j">4.32</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">DBS Group Holdings Ltd</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--DBSGroupHoldingsLtdMember_zEXWu3Y6DD95">2.99</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">SK Hynix, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--SKHynixIncMember_zXi3om9d4qpi">2.91</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Intesa Sanpaolo SpA</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--IntesaSanpaoloSpAMember_zbVfmtOyJto9">2.89</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Asia Vital Components Company Ltd</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90C_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--AsiaVitalComponentsCompanyLtdMember_zCffRnJrA6Pj">2.89</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">KB Financial Group, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--KBFinancialGroupIncMember_z1H531Vxn4Ge">2.89</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Mizuho Financial Group, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--MizuhoFinancialGroupIncMember_z7VwnECWwOVb">2.85</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Rolls-Royce Holdings plc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--RollsRoyceHoldingsplcMember_z2fcYBQdKSZg">2.75</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Banco Santander SA</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--BancoSantanderSAMember_zEXSteo2YF36">2.73</span></span></td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; background-color: rgb(242,242,242); vertical-align: top"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="color: #03014D"><b>Regional Exposure (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%">Americas</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--AmericaMember_z97Axolt1V06">4.8</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Greater Europe</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--GreaterEuropeMember_za84FDWKnbUl">43.2</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Greater Asia</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030183Member__oef--LargestHoldingAxis__custom--GreaterAsiaMember_zMiZA8mKU594">52.1</span></td></tr> </table> 0.0455 0.0432 0.0299 0.0291 0.0289 0.0289 0.0289 0.0285 0.0275 0.0273 0.048 0.432 0.521 <p id="xdx_800_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030183Member_zuhFeX0760Tb" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SIECX Class C This <span id="xdx_90C_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030186Member_z1ap4QssLo1a">annual shareholder report</span> contains important information about the Saratoga International Equity Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com/fund-reports 1-888-672-4839 <p id="xdx_805_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030186Member_z8LBptWWEKRd" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030186Member_zvImUm58Zvv6">Saratoga International Equity Fund</span>, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_904_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030186Member_znTpy38X6jH8">431</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--ExpenseRatioPct_dp_c20250901__20260831__oef--ClassAxis__custom--C000030186Member_zkxuBk0XD3b1">3.81%</span></span></td></tr> </table> Saratoga International Equity Fund 431 0.0381 <p id="xdx_807_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030186Member_zt69QX2ucsZ2" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a regional perspective, Developed Europe was the largest positive contributor to relative performance, led by holdings in Spain and Italy. Emerging Asia was the only region with negative stock selection, despite holding the Fund’s top three individual contributors, led by South Korean memory-chip maker SK hynix. China posted the worst relative return, with technology hardware maker Xiaomi and jewelry manufacturer Chow Tai Fook the largest detractors. Allocation effect was negative, largely due to the drag from a small cash position in a strong market, partly offset by an underweight to India and an overweight to South Korea.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a sector view, Financials had the strongest outperformance, led by Spanish banks CaixaBank and Banco Santander. Health Care was the next largest contributor, with Hansoh Pharmaceutical and Ipsen generating strong relative returns. Information Technology was the largest detracting sector because of Xiaomi, although it also held the Fund’s top contributors: SK hynix, Asia Vital Components and Taiwan Semiconductor. Not holding Samsung Electronics and ASML was a meaningful drag on performance.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Industrials was the second largest detracting sector, due mainly to Compagnie de Saint-Gobain and Hoshizaki. Sector allocation was slightly negative, as the benefit of an underweight to Communication Services was offset by the drag from cash.</p></td></tr> </table> <p id="xdx_80E_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030186Member_zGXgeu850jA2" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="siecx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 10012 9993 8/31/2017 11753 12711 8/31/2018 8847 10906 8/31/2019 10506 13252 8/31/2020 11012 14663 8/31/2021 13004 15811 8/31/2022 10066 13281 8/31/2023 11438 15355 8/31/2024 11922 16204 8/31/2025 15570 21452 8/31/2026 18887 25101 <p id="xdx_80A_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030186Member_zeCeld6S9pYg" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga International Equity Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030186WithSaleLoadMember_zF1O4NRUBXL6">25.18%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030186WithSaleLoadMember_zLGYJDHuzDre">7.89%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030186WithSaleLoadMember_zJloyip2Q3L4">6.57%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga International Equity Fund, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030186Member_zrnaiu7gIYnk">26.18%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030186Member_zBPF7WovRGt1">7.89%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030186Member_zTEMk5mslmz5">6.57%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">MSCI ACWI Ex-USA Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030186MSCIAWExUSAMember_z9vlANWkxfh8">27.35%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030186MSCIAWExUSAMember_z0pa4qtDb5ha">9.37%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030186MSCIAWExUSAMember_zK8rQOm4CTJa">9.64%</span></span></td></tr> </table> 0.2518 0.0789 0.0657 0.2618 0.0789 0.0657 0.2735 0.0937 0.0964 <p id="xdx_802_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030186Member_znpHHW9SoTij" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_903_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030186Member_zxd9bZJQVuVg">3,741,322</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90D_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030186Member_z6rUueTjT5kb">26,636</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030186Member_zXsvyVuz2X5b">44</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030186Member_zJUkIiaNEzc9">63%</span></span></td></tr> </table> 3741322 26636 44 0.63 <p id="xdx_80A_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030186Member_z0G6XLTJhzXb" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="siecx_002.jpg" style="height: 275px; width: 350px"/></p> </div> 0.040 0.097 0.081 0.227 0.116 0.044 0.001 0.000 0.274 0.068 0.052 <p id="xdx_802_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030186Member_zgiWv2I3Oz5a" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Taiwan Semiconductor Manufacturing</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingMember_zxlq1XStgYej">4.55</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Treasury Obligations Cash Management</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--DreyfusTreasuryObligationsCashManagementMember_zJTFsx3tGzza">4.32</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">DBS Group Holdings Ltd</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--DBSGroupHoldingsLtdMember_zOZTUJ4Num3a">2.99</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">SK Hynix, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--SKHynixIncMember_zdRdszcRX5gb">2.91</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Intesa Sanpaolo SpA</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--IntesaSanpaoloSpAMember_zwfJNJy91yS9">2.89</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Asia Vital Components Company Ltd</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--AsiaVitalComponentsCompanyLtdMember_zHpVlsveaWf1">2.89</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">KB Financial Group, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--KBFinancialGroupIncMember_zIBveaxFPXvc">2.89</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Mizuho Financial Group, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--MizuhoFinancialGroupIncMember_zxeH1T99wWCf">2.85</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Rolls-Royce Holdings plc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--RollsRoyceHoldingsplcMember_zWXDoRrzoymc">2.75</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Banco Santander SA</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--BancoSantanderSAMember_zD5fLlHyKlnk">2.73</span></span></td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; background-color: rgb(242,242,242); vertical-align: top"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="color: #03014D"><b>Regional Exposure (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%">Americas</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--AmericaMember_ziyY6gS0f1O9">4.8</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Greater Europe</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--GreaterEuropeMember_zIkV2l1RfjDh">43.2</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Greater Asia</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030186Member__oef--LargestHoldingAxis__custom--GreaterAsiaMember_zc0TjuqtWxd8">52.1</span></td></tr> </table> 0.0455 0.0432 0.0299 0.0291 0.0289 0.0289 0.0289 0.0285 0.0275 0.0273 0.048 0.432 0.521 <p id="xdx_806_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030186Member_zSZkIANOn0f6" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SIEPX Class I This <span id="xdx_906_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030184Member_zpRyHfl13jE1">annual shareholder report</span> contains important information about the Saratoga International Equity Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_809_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030184Member_zoLmWfDLrM0c" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030184Member_zE6QZfQx1THa">Saratoga International Equity Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_906_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030184Member_zpIeqQsSrp21">328</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--ExpenseRatioPct_dp_c20250901__20260831__oef--ClassAxis__custom--C000030184Member_zgw7alarXZXe">2.89%</span></span></td></tr> </table> Saratoga International Equity Fund 328 0.0289 <p id="xdx_801_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030184Member_zTbu3ysqPvZh" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a regional perspective, Developed Europe was the largest positive contributor to relative performance, led by holdings in Spain and Italy. Emerging Asia was the only region with negative stock selection, despite holding the Fund’s top three individual contributors, led by South Korean memory-chip maker SK hynix. China posted the worst relative return, with technology hardware maker Xiaomi and jewelry manufacturer Chow Tai Fook the largest detractors. Allocation effect was negative, largely due to the drag from a small cash position in a strong market, partly offset by an underweight to India and an overweight to South Korea.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a sector view, Financials had the strongest outperformance, led by Spanish banks CaixaBank and Banco Santander. Health Care was the next largest contributor, with Hansoh Pharmaceutical and Ipsen generating strong relative returns. Information Technology was the largest detracting sector because of Xiaomi, although it also held the Fund’s top contributors: SK hynix, Asia Vital Components and Taiwan Semiconductor. Not holding Samsung Electronics and ASML was a meaningful drag on performance.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Industrials was the second largest detracting sector, due mainly to Compagnie de Saint-Gobain and Hoshizaki. Sector allocation was slightly negative, as the benefit of an underweight to Communication Services was offset by the drag from cash.</p></td></tr> </table> <p id="xdx_80D_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030184Member_zvz76IQmRLd5" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="siepx_001.jpg" style="height: 230px; width: 770px"/></p> 8/31/2016 10042 9993 8/31/2017 11912 12711 8/31/2018 9065 10906 8/31/2019 10856 13252 8/31/2020 11494 14663 8/31/2021 13716 15811 8/31/2022 10719 13281 8/31/2023 12304 15355 8/31/2024 12951 16204 8/31/2025 17080 21452 8/31/2026 20866 25101 <p id="xdx_805_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030184Member_zvLCMJzbPd57" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga International Equity Fund, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030184Member_zXaJB9cQSxGf">27.33%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030184Member_zw4cUzAMkAE2">8.97%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030184Member_zplz7C5AZa7j">7.63%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">MSCI ACWI Ex-USA Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030184MSCIAWExUSAMember_zWO2l6cVzuYj">27.35%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030184MSCIAWExUSAMember_zu5vl5HMRBXe">9.37%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030184MSCIAWExUSAMember_zj21xyWwQCSj">9.64%</span></span></td></tr> </table> 0.2733 0.0897 0.0763 0.2735 0.0937 0.0964 <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030184Member_zRry7DU6Cg5i" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90C_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030184Member_zc07cutEt5Za">3,741,322</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_905_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030184Member_z6M3luUlaXdf">26,636</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030184Member_z9BmwbGvjoxf">44</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030184Member_zPAKiLbJPpt8">63%</span></span></td></tr> </table> 3741322 26636 44 0.63 <p id="xdx_80F_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030184Member_zTC3Vx4vrzk7" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="siepx_002.jpg" style="height: 275px; width: 350px"/></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 11pt Aptos Narrow; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center; width: 63%">Utilities</td> <td style="display: none; text-align: center; width: 37%"><span id="xdx_903_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--UtilitiesMember_zDVhj7SlIDJh" style="display: none">4.0%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Healthcare</td> <td style="display: none; text-align: center"><span id="xdx_901_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__us-gaap--HealthCareMember_zuIVo5PPtZvc" style="display: none">9.7%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Consumer Defensive</td> <td style="display: none; text-align: center"><span id="xdx_90C_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--ConsumerDefensiveMember_zwVQdbDlZ8Ul" style="display: none">8.1%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Technology</td> <td style="display: none; text-align: center"><span id="xdx_90F_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--TechnologyMember_z226syChXfqe" style="display: none">22.7%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Industrials</td> <td style="display: none; text-align: center"><span id="xdx_90A_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--IndustrialsMember_zSOGm4vKfBy1" style="display: none">11.6%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Energy</td> <td style="display: none; text-align: center"><span id="xdx_90E_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--EnergyMember_zOOW2DLENlNa" style="display: none">4.4%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Communication Services</td> <td style="display: none; text-align: center"><span id="xdx_90B_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--CommunicationServicesMember_zh3HJbDtIw1" style="display: none">0.1%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Real Estate</td> <td style="display: none; text-align: center"><span id="xdx_903_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__us-gaap--RealEstateMember_ztm24hbvMTf4" style="display: none">0.0%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Financial Services</td> <td style="display: none; text-align: center"><span id="xdx_905_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--FinancialServicesMember_z5kUxCy3TTz7" style="display: none">27.4%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Consumer Cyclical</td> <td style="display: none; text-align: center"><span id="xdx_903_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--ConsumerCyclicalMember_z2UxRX6ZZaii" style="display: none">6.8%</span></td></tr> <tr style="vertical-align: bottom"> <td style="display: none; text-align: center">Basic Materials</td> <td style="display: none; text-align: center"><span id="xdx_906_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--BasicMaterialsMember_zyETigO1cLLj" style="display: none">5.2%</span></td></tr> </table> </div> <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> 0.040 0.097 0.081 0.227 0.116 0.044 0.001 0.000 0.274 0.068 0.052 <p id="xdx_80C_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030184Member_zYI6rnBgejIg" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Taiwan Semiconductor Manufacturing</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingMember_z0zcc9lwQQd5">4.55</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Treasury Obligations Cash Management</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90C_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--DreyfusTreasuryObligationsCashManagementMember_zzH988qii5pf">4.32</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">DBS Group Holdings Ltd</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--DBSGroupHoldingsLtdMember_z6COeamuHjQ6">2.99</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">SK Hynix, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--SKHynixIncMember_zMURUpVnpqd7">2.91</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Intesa Sanpaolo SpA</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--IntesaSanpaoloSpAMember_zTVhtlrLbrJ1">2.89</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Asia Vital Components Company Ltd</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--AsiaVitalComponentsCompanyLtdMember_zIBaAK0wiwea">2.89</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">KB Financial Group, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--KBFinancialGroupIncMember_zyBBEWbhBb74">2.89</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Mizuho Financial Group, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--MizuhoFinancialGroupIncMember_zou9RxZKSBZ9">2.85</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Rolls-Royce Holdings plc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--RollsRoyceHoldingsplcMember_z9WIqmcvJzqf">2.75</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Banco Santander SA</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90C_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--BancoSantanderSAMember_z3b009YbeNui">2.73</span></span></td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; background-color: rgb(242,242,242); vertical-align: top"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="color: #03014D"><b>Regional Exposure (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%">Americas</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--AmericaMember_zUvSABPhvpBe">4.8</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Greater Europe</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--GreaterEuropeMember_zOzsCquNGVA9">43.2</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Greater Asia</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030184Member__oef--LargestHoldingAxis__custom--GreaterAsiaMember_zRDMHLqaCy5">52.1</span></td></tr> </table> 0.0455 0.0432 0.0299 0.0291 0.0289 0.0289 0.0289 0.0285 0.0275 0.0273 0.048 0.432 0.521 <p id="xdx_800_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030184Member_zlfo8ICQwgbk" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SHPAX Class A This <span id="xdx_900_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030154Member_zDPE7J4rzFJg">annual shareholder report</span> contains important information about the Saratoga Health &amp; Biotechnology Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_80E_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030154Member_zVplgyh9YNw" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030154Member_zOjprQLbCv15">Saratoga Health &amp; Biotechnology Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_903_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030154Member_zobrv1GcDKMj">335</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030154Member_z8PQROUKmut5">2.93%</span></span></td></tr> </table> Saratoga Health & Biotechnology Fund 335 0.0293 <p id="xdx_808_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030154Member_zTv7iK0DFo1b" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Fund’s holdings benefited from improving fundamentals, attractive valuations and greater clarity around pharmaceutical pricing and tariff policy during the fiscal year, as investor confidence recovered following an extended period of policy, reimbursement and utilization-related uncertainty. However, results varied significantly across the Fund’s sub-industries.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Fund’s pharmaceutical and biotechnology holdings were among its strongest, supported by positive clinical developments, improving capital markets, increased merger and acquisition activity and continued innovation in areas such as oncology, obesity and immunology. The Fund’s medical device and equipment holdings lagged, as tariff-related cost pressures and limited pricing flexibility weighed on margins. </span></p> </td></tr> </table> <p id="xdx_803_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030154Member_zEYODudMWP05" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="shpax_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 8927 10384 9586 8/31/2017 9998 12651 11919 8/31/2018 9450 12097 11878 8/31/2019 10980 15906 14978 8/31/2020 11378 18832 19124 8/31/2021 13277 24238 20384 8/31/2022 13546 19848 17148 8/31/2023 13497 25066 17759 8/31/2024 13533 31337 17943 8/31/2025 15899 36940 21619 8/31/2026 17656 41793 25130 <p id="xdx_809_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030154Member_z5BK1ksPpa1l" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Health &amp; Biotechnology Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030154WithSaleLoadMember_zNgCw8KLHyBd">21.06%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030154WithSaleLoadMember_zbzSdvxKiyec">4.70%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030154WithSaleLoadMember_zTSrSMjnwIU8">5.85%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Health &amp; Biotechnology Fund, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030154Member_zPq1RFXLg9i6">28.41%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030154Member_zFmVpz3VY9Re">5.95%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030154Member_zoJJfliUzWTa">6.47%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030154SP500IndexMember_z4cjK73OuJkj">20.38%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030154SP500IndexMember_zcoyjmrrWJF8">12.79%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030154SP500IndexMember_zw71dMDmEyj2">15.37%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar US Fund Health Category</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030154MorningstarUSFundHealthCategoryMember_zZco7eY7ykxf">37.45%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030154MorningstarUSFundHealthCategoryMember_zYda970iSoH1">3.73%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030154MorningstarUSFundHealthCategoryMember_zho1cFFTRho4">9.90%</span></span></td></tr> </table> 0.2106 0.0470 0.0585 0.2841 0.0595 0.0647 0.2038 0.1279 0.1537 0.3745 0.0373 0.0990 <p id="xdx_80A_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030154Member_znmpth1gJZRf" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_903_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030154Member_zW9TP5dM0JZ1">11,551,996</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_903_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030154Member_zw6h193B19Sl">136,172</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--HoldingsCount_iI_c20260831__oef--ClassAxis__custom--C000030154Member_zVy3cWojhqQe">29</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030154Member_zdIELEwmyvAe">13%</span></span></td></tr> </table> 11551996 136172 29 0.13 <p id="xdx_805_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030154Member_zPzXM9Luwxqj" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="shpax_002.jpg" style="height: 275px; width: 350px"/></p> </div> 0.000 1.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 <p id="xdx_805_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030154Member_zut6aAS524z6" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Jazz Pharmaceuticals plc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030154Member__oef--LargestHoldingAxis__custom--JazzPharmaceuticalsplcMember_zBYRuPVM1Jp7">5.95</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Amgen Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030154Member__oef--LargestHoldingAxis__custom--AmgenIncMember_zz8xi10PD326">5.83</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">McKesson Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030154Member__oef--LargestHoldingAxis__custom--McKessonCorpMember_zcIBNiZytkPg">5.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Cardinal Health, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030154Member__oef--LargestHoldingAxis__custom--CardinalHealthIncMember_zAzc66OVHMJ9">5.14</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">United Therapeutics Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030154Member__oef--LargestHoldingAxis__custom--UnitedTherapeuticsCorpMember_zqyuJS7Zqho3">5.13</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Cencora Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030154Member__oef--LargestHoldingAxis__custom--CencoraIncMember_zrGGVjUjwjb8">4.71</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Regeneron Pharmaceuticals, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030154Member__oef--LargestHoldingAxis__custom--RegeneronPharmaceuticalsIncMember_zEvpSmzOn61e">4.63</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Exelixis Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030154Member__oef--LargestHoldingAxis__custom--ExelixisIncMember_z0MsAVFR4s45">4.47</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Johnson &amp; Johnson</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90C_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030154Member__oef--LargestHoldingAxis__custom--JohnsonAndJohnsonMember_z6K3JneNW5J7">4.19</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Novartis A. G.</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030154Member__oef--LargestHoldingAxis__custom--NovartisAGMember_z7BdelRJxiP3">4.13</span></span></td></tr> </table> 0.0595 0.0583 0.0530 0.0514 0.0513 0.0471 0.0463 0.0447 0.0419 0.0413 <p id="xdx_800_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030154Member_zjIIouulW6ki" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SHPCX Class C This <span id="xdx_903_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030153Member_z3xxRcnND4Vc">annual shareholder report</span> contains important information about the Saratoga Health &amp; Biotechnology Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_803_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030153Member_z0bcFuRcknYi" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030153Member_zjgBnxgBNPa4">Saratoga Health &amp; Biotechnology Fund</span>, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_907_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030153Member_zADJQ8LDGnZ6">405</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030153Member_zI2mpUl4KDyk">3.56%</span></span></td></tr> </table> Saratoga Health & Biotechnology Fund 405 0.0356 <p id="xdx_80D_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030153Member_z6wYtWcNtEoe" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Fund’s holdings benefited from improving fundamentals, attractive valuations and greater clarity around pharmaceutical pricing and tariff policy during the fiscal year, as investor confidence recovered following an extended period of policy, reimbursement and utilization-related uncertainty. However, results varied significantly across the Fund’s sub-industries.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Fund’s pharmaceutical and biotechnology holdings were among its strongest, supported by positive clinical developments, improving capital markets, increased merger and acquisition activity and continued innovation in areas such as oncology, obesity and immunology. The Fund’s medical device and equipment holdings lagged, as tariff-related cost pressures and limited pricing flexibility weighed on margins.</span></p></td></tr> </table> <p id="xdx_800_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030153Member_zM6lNLwGFAuh" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="shpcx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 9457 10384 9586 8/31/2017 10521 12651 11919 8/31/2018 9891 12097 11878 8/31/2019 11418 15906 14978 8/31/2020 11764 18832 19124 8/31/2021 13646 24238 20384 8/31/2022 13839 19848 17148 8/31/2023 13709 25066 17759 8/31/2024 13667 31337 17943 8/31/2025 15956 36940 21619 8/31/2026 17638 41793 25130 <p id="xdx_803_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030153Member_zK5QhCBSuGHc" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Health &amp; Biotechnology Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030153WithSaleLoadMember_zxqHfp5OSnc">26.55%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030153WithSaleLoadMember_zH19GTqXKCp4">5.30%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030153WithSaleLoadMember_zASOnih5m3J8">5.84%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Health &amp; Biotechnology Fund, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030153Member_zKR98YUa4br8">27.55%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030153Member_zIbSuvcKEmL1">5.30%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030153Member_z3H6TGh1dzfb">5.84%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030153SP500IndexMember_zPiJzH8mt1rh">20.38%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030153SP500IndexMember_zmstHrRjWF6b">12.79%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030153SP500IndexMember_z8MBB96cPwYh">15.37%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar US Fund Health Category</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030153MorningstarUSFundHealthCategoryMember_zuqAdtYofere">37.45%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030153MorningstarUSFundHealthCategoryMember_zuUo2UM9jB2c">3.73%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030153MorningstarUSFundHealthCategoryMember_zT0w0CnKTVVh">9.90%</span></span></td></tr> </table> 0.2655 0.0530 0.0584 0.2755 0.0530 0.0584 0.2038 0.1279 0.1537 0.3745 0.0373 0.0990 <p id="xdx_802_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030153Member_zhRrEPH2ogVh" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90B_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030153Member_zYnRFEqnPry1">11,551,996</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_906_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030153Member_zyqBo65o6jW5">136,172</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--HoldingsCount_iI_c20260831__oef--ClassAxis__custom--C000030153Member_z1ojpQrf9U7l">29</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030153Member_z9GErXfr1vn5">13%</span></span></td></tr> </table> 11551996 136172 29 0.13 <p id="xdx_803_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030153Member_zDAYwDQ1xVh7" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="shpcx_002.jpg" style="height: 275px; width: 350px"/></p> </div> 0.000 1.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 <p id="xdx_807_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030153Member_zA1drnmkPPSg" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Jazz Pharmaceuticals plc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030153Member__oef--LargestHoldingAxis__custom--JazzPharmaceuticalsplcMember_zZRvS8y7qR">5.95</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Amgen Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030153Member__oef--LargestHoldingAxis__custom--AmgenIncMember_zTXOqXoF1L8i">5.83</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">McKesson Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030153Member__oef--LargestHoldingAxis__custom--McKessonCorpMember_zy3cCcVeiTji">5.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Cardinal Health, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030153Member__oef--LargestHoldingAxis__custom--CardinalHealthIncMember_zHIiV3LpzEXj">5.14</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">United Therapeutics Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030153Member__oef--LargestHoldingAxis__custom--UnitedTherapeuticsCorpMember_zDAnyf9LoXm9">5.13</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Cencora Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030153Member__oef--LargestHoldingAxis__custom--CencoraIncMember_z0QKOK6bnpD5">4.71</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Regeneron Pharmaceuticals, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030153Member__oef--LargestHoldingAxis__custom--RegeneronPharmaceuticalsIncMember_zaCmJHwL2KP6">4.63</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Exelixis Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030153Member__oef--LargestHoldingAxis__custom--ExelixisIncMember_zQOPn87W8GJ9">4.47</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Johnson &amp; Johnson</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030153Member__oef--LargestHoldingAxis__custom--JohnsonAndJohnsonMember_zlPADIja8H1a">4.19</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Novartis A. G.</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030153Member__oef--LargestHoldingAxis__custom--NovartisAGMember_zK2raPC0X5H9">4.13</span></span></td></tr> </table> 0.0595 0.0583 0.0530 0.0514 0.0513 0.0471 0.0463 0.0447 0.0419 0.0413 <p id="xdx_80A_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030153Member_zIadX8dGgv6k" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SBHIX Class I This <span id="xdx_90C_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030151Member_zAMN9o0NaTAb">annual shareholder report</span> contains important information about the Saratoga Health &amp; Biotechnology Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_80B_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030151Member_zDoTirtTRUOj" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030151Member_zzFJquF2LTaj">Saratoga Health &amp; Biotechnology Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90E_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030151Member_zQnT7tRQJDd9">290</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030151Member_zKvoa9JeUTr4">2.53%</span></span></td></tr> </table> Saratoga Health & Biotechnology Fund 290 0.0253 <p id="xdx_80F_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030151Member_zXtXConxYBS6" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Fund’s holdings benefited from improving fundamentals, attractive valuations and greater clarity around pharmaceutical pricing and tariff policy during the fiscal year, as investor confidence recovered following an extended period of policy, reimbursement and utilization-related uncertainty. However, results varied significantly across the Fund’s sub-industries.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Fund’s pharmaceutical and biotechnology holdings were among its strongest, supported by positive clinical developments, improving capital markets, increased merger and acquisition activity and continued innovation in areas such as oncology, obesity and immunology. The Fund’s medical device and equipment holdings lagged, as tariff-related cost pressures and limited pricing flexibility weighed on margins.</span></p></td></tr> </table> <p id="xdx_806_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030151Member_zGkdZbIAzA5l" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="sbhix_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 9486 10384 9586 8/31/2017 10659 12651 11919 8/31/2018 10123 12097 11878 8/31/2019 11805 15906 14978 8/31/2020 12280 18832 19124 8/31/2021 14387 24238 20384 8/31/2022 14737 19848 17148 8/31/2023 14742 25066 17759 8/31/2024 14847 31337 17943 8/31/2025 17511 36940 21619 8/31/2026 19496 41793 25130 <p id="xdx_80E_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030151Member_zUmU6TlxeuR" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Health &amp; Biotechnology Fund, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030151Member_zDCAOhDY94Tb">28.92%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030151Member_zMYM2PJVQMzc">6.37%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030151Member_zJAE3EhyLcMj">6.90%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030151SP500IndexMember_zHRYfYY0LKIb">20.38%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030151SP500IndexMember_z54hOqL59HYi">12.79%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030151SP500IndexMember_zWBGQm3Md6O5">15.37%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar US Fund Health Category</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030151MorningstarUSFundHealthCategoryMember_z09sora7nuT6">37.45%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030151MorningstarUSFundHealthCategoryMember_zS8fhM7E2am4">3.73%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030151MorningstarUSFundHealthCategoryMember_zDWJO6sY4oC5">9.90%</span></span></td></tr> </table> 0.2892 0.0637 0.0690 0.2038 0.1279 0.1537 0.3745 0.0373 0.0990 <p id="xdx_804_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030151Member_zaHuPRti4Zy8" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90F_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030151Member_zCcfh0aMuOZ6">11,551,996</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90D_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030151Member_zlRVj4VKjRj5">136,172</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eoef--HoldingsCount_iI_c20260831__oef--ClassAxis__custom--C000030151Member_zZLostpiPxK3">29</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030151Member_zttKCTYLyQM3">13%</span></span></td></tr> </table> 11551996 136172 29 0.13 <p id="xdx_809_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030151Member_zAOTNxboznVb" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="sbhix_002.jpg" style="height: 275px; width: 350px"/></p> </div> 0.000 1.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 <p id="xdx_80B_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030151Member_zOfuI48ZWVDc" style="margin-top: 0; margin-bottom: 0"></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Jazz Pharmaceuticals plc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030151Member__oef--LargestHoldingAxis__custom--JazzPharmaceuticalsplcMember_zEXJ5ufcqkHl">5.95</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Amgen Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030151Member__oef--LargestHoldingAxis__custom--AmgenIncMember_zf9KMqZKMh4i">5.83</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">McKesson Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90C_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030151Member__oef--LargestHoldingAxis__custom--McKessonCorpMember_zU58zV3fX58f">5.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Cardinal Health, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030151Member__oef--LargestHoldingAxis__custom--CardinalHealthIncMember_zvHmdpuf8fAl">5.14</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">United Therapeutics Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030151Member__oef--LargestHoldingAxis__custom--UnitedTherapeuticsCorpMember_znZwuVjpW1we">5.13</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Cencora Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030151Member__oef--LargestHoldingAxis__custom--CencoraIncMember_z3zTO0Qxn2g8">4.71</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Regeneron Pharmaceuticals, Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030151Member__oef--LargestHoldingAxis__custom--RegeneronPharmaceuticalsIncMember_zSZfdYrEreQ7">4.63</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Exelixis Inc</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030151Member__oef--LargestHoldingAxis__custom--ExelixisIncMember_ztoUjUFxFR6i">4.47</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Johnson &amp; Johnson</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030151Member__oef--LargestHoldingAxis__custom--JohnsonAndJohnsonMember_zL7VHbWgaCR4">4.19</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Novartis A. G.</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030151Member__oef--LargestHoldingAxis__custom--NovartisAGMember_zmk7eGXAZAi7">4.13</span></span></td></tr> </table> 0.0595 0.0583 0.0530 0.0514 0.0513 0.0471 0.0463 0.0447 0.0419 0.0413 <p id="xdx_80D_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030151Member_z6bnh9ATnTpi" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 STPAX Class A This <span id="xdx_906_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030162Member_zK6qjCFuVm98">annual shareholder report</span> contains important information about the Saratoga Technology &amp; Communications Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_80B_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030162Member_zK5PLHUgun84" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030162Member_zocJBL3ynLvj">Saratoga Technology &amp; Communications Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_903_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030162Member_zy728f8HRZS2">306</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030162Member_z4si0TWKTRgk">2.84%</span></span></td></tr> </table> Saratoga Technology & Communications Fund 306 0.0284 <p id="xdx_80D_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030162Member_zOda78LI1yrl" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif">The Fund benefited from continued investment in artificial intelligence (AI) during the fiscal year, as the largest technology companies continued to spend heavily on data centers and computing infrastructure. The Fund’s semiconductor holdings remained a major beneficiary, and strength broadened to its holdings in semiconductor equipment, networking equipment and other areas tied to the AI buildout, which were among the Fund’s best performers.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The Fund’s Software and IT Services holdings were notable exceptions and were among its weaker areas for much of the period, as investors became increasingly concerned that advances in AI could disrupt the traditional business models of companies in those industries. Overall, the Fund’s holdings that supply or enable AI infrastructure generally performed well, while those viewed as potentially vulnerable to AI disruption faced a much more challenging environment.</p> </td></tr> </table> <p id="xdx_802_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030162Member_zJGgYsYK0Pyj" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="stpax_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 9908 10384 8/31/2017 12660 12651 8/31/2018 12663 12097 8/31/2019 16766 15906 8/31/2020 21267 18832 8/31/2021 24739 24238 8/31/2022 16875 19848 8/31/2023 24467 25066 8/31/2024 29383 31337 8/31/2025 34132 36940 8/31/2026 37211 41793 <p id="xdx_804_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030162Member_zgrXWHl9uXKi" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Technology &amp; Communications Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030162WithSaleLoadMember_zb3GOJuZ0cI1">8.57%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030162WithSaleLoadMember_zT9ZyipwXxrf">6.79%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030162WithSaleLoadMember_ztPIQzjxpo8h">14.04%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Technology &amp; Communications Fund, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030162Member_zLXl5XTtTXrk">15.17%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030162Member_zzgdCCGZkRri">8.06%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030162Member_zBRzjpfhVyT2">14.72%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">S&amp;P 500^® Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030162SP500IndexMember_zjt3aMhXcvS1">20.38%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030162SP500IndexMember_zfmFTy1MxXRj">12.79%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030162SP500IndexMember_zBpgZ6LA3xSh">15.37%</span></span></td></tr> </table> 0.0857 0.0679 0.1404 0.1517 0.0806 0.1472 0.2038 0.1279 0.1537 <p id="xdx_801_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030162Member_z9cuxXXQfrE6" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_906_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030162Member_zb50SvC0ycC5">40,874,084</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif">$<span id="xdx_909_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030162Member_zF2rjeYAMjNj">510,427</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eoef--HoldingsCount_iI_c20260831__oef--ClassAxis__custom--C000030162Member_zm6IF4mubUb4">28</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_908_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030162Member_zuk8DqShQBMh">16%</span></span></td></tr> </table> 40874084 510427 28 0.16 <p id="xdx_800_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030162Member_zMBw2frnTlV3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="stpax_002.jpg" style="height: 275px; width: 350px"/> </div> 0.694 0.045 0.108 0.088 0.065 <div id="xdx_807_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030162Member_zrkhhvRTcRH3" style="float: right; width: 48%"></div> <div style="float: right; width: 48%"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif">NVIDIA Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030162Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_zHkKcbFRTrlc">7.59</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Alphabet Inc, Class C</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030162Member__oef--LargestHoldingAxis__custom--AlphabetIncClassCMember_zSbWacY1SG21">7.29</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Microsoft Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030162Member__oef--LargestHoldingAxis__custom--MicrosoftCorpMember_zac8u1REOUk2">7.13</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Cisco Systems Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030162Member__oef--LargestHoldingAxis__custom--CiscoSystemsIncMember_zS6322GRT9Ic">6.75</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Amazon.com, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030162Member__oef--LargestHoldingAxis__custom--AmazonComIncMember_ziVWuYfZ22N6">6.52</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">KLA Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030162Member__oef--LargestHoldingAxis__custom--KLACorpMember_zOc5nYWO3z13">5.79</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Apple Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030162Member__oef--LargestHoldingAxis__custom--AppleIncMember_z7TICawkAk">5.25</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Broadcom, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030162Member__oef--LargestHoldingAxis__custom--BroadcomIncMember_zpPPMng0bKBk">4.58</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Visa, Inc Class A</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030162Member__oef--LargestHoldingAxis__custom--VisaIncClassAMember_zGtn6US4shYg">4.53</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Mastercard, Inc Class A</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030162Member__oef--LargestHoldingAxis__custom--MastercardIncClassAMember_zCVo4oAWjxXi">4.26</span></span></td></tr> </table> </div> <div style="float: none; clear: both; width: 100%">  </div> 0.0759 0.0729 0.0713 0.0675 0.0652 0.0579 0.0525 0.0458 0.0453 0.0426 <p id="xdx_801_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030162Member_zr5d4mJB2623" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 STPCX Class C This <span id="xdx_90B_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030161Member_zlI3av2yvTXg">annual shareholder report</span> contains important information about the Saratoga Technology &amp; Communications Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_809_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030161Member_zLGkg9jft4Lj" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030161Member_z8P9MBlROxdh">Saratoga Technology &amp; Communications Fund</span>, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90F_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030161Member_zgrMYcAitOCe">370</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030161Member_zdnx99nG7bRa">3.45%</span></span></td></tr> </table> Saratoga Technology & Communications Fund 370 0.0345 <p id="xdx_80F_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030161Member_zyqbymRVWE2f" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif">The Fund benefited from continued investment in artificial intelligence (AI) during the fiscal year, as the largest technology companies continued to spend heavily on data centers and computing infrastructure. The Fund’s semiconductor holdings remained a major beneficiary, and strength broadened to its holdings in semiconductor equipment, networking equipment and other areas tied to the AI buildout, which were among the Fund’s best performers.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The Fund’s Software and IT Services holdings were notable exceptions and were among its weaker areas for much of the period, as investors became increasingly concerned that advances in AI could disrupt the traditional business models of companies in those industries. Overall, the Fund’s holdings that supply or enable AI infrastructure generally performed well, while those viewed as potentially vulnerable to AI disruption faced a much more challenging environment.</p> </td></tr> </table> <p id="xdx_808_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030161Member_zBsiASxhtUU8" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="stpcx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 10498 10384 8/31/2017 13326 12651 8/31/2018 13252 12097 8/31/2019 17442 15906 8/31/2020 21989 18832 8/31/2021 25421 24238 8/31/2022 17250 19848 8/31/2023 24883 25066 8/31/2024 29676 31337 8/31/2025 34281 36940 8/31/2026 37236 41793 <p id="xdx_806_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030161Member_zIwFADc9pKal" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Technology &amp; Communications Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030161WithSaleLoadMember_zQUBQWj5LXck">13.50%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030161WithSaleLoadMember_zAguSW3qRn4e">7.44%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030161WithSaleLoadMember_zt92ogEsFol">14.05%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Technology &amp; Communications Fund, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030161Member_zYZNxyMROEh6">14.50%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030161Member_zkqp6K1VoiPi">7.44%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030161Member_zXhUMXGJoUzk">14.05%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">S&amp;P 500^® Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030161SP500IndexMember_zr0qRNTHOblf">20.38%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030161SP500IndexMember_zNljrAnw6tMi">12.79%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030161SP500IndexMember_zplG03GvD8qj">15.37%</span></span></td></tr> </table> 0.1350 0.0744 0.1405 0.1450 0.0744 0.1405 0.2038 0.1279 0.1537 <p id="xdx_800_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030161Member_zH2eLuMg7tkd" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90D_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030161Member_zjRGCtr25ghc">40,874,084</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif">$<span id="xdx_906_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030161Member_zCxVptnIVQwh">510,427</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--HoldingsCount_iI_c20260831__oef--ClassAxis__custom--C000030161Member_zllOZAxzG0b5">28</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030161Member_zdcz0sWXyYzh">16%</span></span></td></tr> </table> 40874084 510427 28 0.16 <p id="xdx_80D_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030161Member_zFp6L4OhxZOb" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="stpcx_002.jpg" style="height: 275px; width: 350px"/> </div> 0.694 0.045 0.108 0.088 0.065 <div id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030161Member_zUCjYUKQbf77" style="float: right; width: 48%"></div> <div style="float: right; width: 48%"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif">NVIDIA Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030161Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_zzIQv7HY9EAf">7.59</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Alphabet Inc, Class C</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030161Member__oef--LargestHoldingAxis__custom--AlphabetIncClassCMember_z5sJ38CFFUZi">7.29</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Microsoft Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030161Member__oef--LargestHoldingAxis__custom--MicrosoftCorpMember_zgTU2wnMIdG9">7.13</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Cisco Systems Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030161Member__oef--LargestHoldingAxis__custom--CiscoSystemsIncMember_zWSdtYlApOvf">6.75</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Amazon.com, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030161Member__oef--LargestHoldingAxis__custom--AmazonComIncMember_zgvOQ6ZQp8Ah">6.52</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">KLA Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030161Member__oef--LargestHoldingAxis__custom--KLACorpMember_zhG05NSUC6fi">5.79</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Apple Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030161Member__oef--LargestHoldingAxis__custom--AppleIncMember_zlBLg51k2Kpi">5.25</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Broadcom, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030161Member__oef--LargestHoldingAxis__custom--BroadcomIncMember_zRkkpLqLmYUi">4.58</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Visa, Inc Class A</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030161Member__oef--LargestHoldingAxis__custom--VisaIncClassAMember_zOuu0RVT0q75">4.53</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Mastercard, Inc Class A</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030161Member__oef--LargestHoldingAxis__custom--MastercardIncClassAMember_zobSqrreLzH7">4.26</span></span></td></tr> </table> </div> <div style="float: none; clear: both; width: 100%"> </div> 0.0759 0.0729 0.0713 0.0675 0.0652 0.0579 0.0525 0.0458 0.0453 0.0426 <p id="xdx_801_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030161Member_zElcxw7ZI7u8" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 STPIX Class I This <span id="xdx_90B_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030159Member_zKVRmNGYEor4">annual shareholder report</span> contains important information about the Saratoga Technology &amp; Communications Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_803_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030159Member_zekcaOR9cZSk" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030159Member_zA2ssvwaBkAe">Saratoga Technology &amp; Communications Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_908_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030159Member_zSibWtIurjpc">263</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030159Member_zdhE82xM1Tk4">2.44%</span></span></td></tr> </table> Saratoga Technology & Communications Fund 263 0.0244 <p id="xdx_803_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030159Member_zdpVv13wH377" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif">The Fund benefited from continued investment in artificial intelligence (AI) during the fiscal year, as the largest technology companies continued to spend heavily on data centers and computing infrastructure. The Fund’s semiconductor holdings remained a major beneficiary, and strength broadened to its holdings in semiconductor equipment, networking equipment and other areas tied to the AI buildout, which were among the Fund’s best performers.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The Fund’s Software and IT Services holdings were notable exceptions and were among its weaker areas for much of the period, as investors became increasingly concerned that advances in AI could disrupt the traditional business models of companies in those industries. Overall, the Fund’s holdings that supply or enable AI infrastructure generally performed well, while those viewed as potentially vulnerable to AI disruption faced a much more challenging environment.</p> </td></tr> </table> <p id="xdx_803_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030159Member_zhI0u2NE51jd" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="stpix_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 10531 10384 8/31/2017 13503 12651 8/31/2018 13564 12097 8/31/2019 18027 15906 8/31/2020 22960 18832 8/31/2021 26808 24238 8/31/2022 18367 19848 8/31/2023 26751 25066 8/31/2024 32248 31337 8/31/2025 37612 36940 8/31/2026 41107 41793 <p id="xdx_802_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030159Member_z7DxWEioAQ16" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Technology &amp; Communications Fund, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030159Member_zD3jbuINOF4e">15.59%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030159Member_z0lG0hd6QqU2">8.50%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030159Member_z3GN0tV54TNj">15.18%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">S&amp;P 500^® Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030159SP500IndexMember_zaF7FF8XvC37">20.38%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030159SP500IndexMember_zdnLpnI66QLk">12.79%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030159SP500IndexMember_zf9cFgPT1er4">15.37%</span></span></td></tr> </table> 0.1559 0.0850 0.1518 0.2038 0.1279 0.1537 <p id="xdx_800_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030159Member_zYV38Tp1Ywea" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_904_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030159Member_z1DPevx3rKWg">40,874,084</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif">$<span id="xdx_905_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030159Member_zbz7yzN5oQ7j">510,427</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--HoldingsCount_iI_c20260831__oef--ClassAxis__custom--C000030159Member_z2hTP20dbql5">28</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030159Member_zXJFbOpOnV27">16%</span></span></td></tr> </table> 40874084 510427 28 0.16 <p id="xdx_803_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030159Member_zJHj9pwL2157" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="stpix_002.jpg" style="height: 275px; width: 350px"/> </div> 0.694 0.045 0.108 0.088 0.065 <div id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030159Member_z24F6Qtb09l4" style="float: right; width: 48%"></div> <div style="float: right; width: 48%"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif">NVIDIA Corp</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030159Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_zTDHpilDtUF4">7.59</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Alphabet Inc, Class C</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030159Member__oef--LargestHoldingAxis__custom--AlphabetIncClassCMember_ze0yAWqZILd6">7.29</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Microsoft Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030159Member__oef--LargestHoldingAxis__custom--MicrosoftCorpMember_zVXN1QEBdlhk">7.13</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Cisco Systems Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030159Member__oef--LargestHoldingAxis__custom--CiscoSystemsIncMember_zVo7saQkag87">6.75</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Amazon.com, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030159Member__oef--LargestHoldingAxis__custom--AmazonComIncMember_znoDa0lkBjI">6.52</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">KLA Corp</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030159Member__oef--LargestHoldingAxis__custom--KLACorpMember_zmxkPSrAcOm6">5.79</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Apple Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030159Member__oef--LargestHoldingAxis__custom--AppleIncMember_zMxIl7ziTbnh">5.25</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Broadcom, Inc</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90C_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030159Member__oef--LargestHoldingAxis__custom--BroadcomIncMember_zJZTCBjbJGZ2">4.58</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Visa, Inc Class A</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030159Member__oef--LargestHoldingAxis__custom--VisaIncClassAMember_zQrQjh4eAzT8">4.53</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Mastercard, Inc Class A</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030159Member__oef--LargestHoldingAxis__custom--MastercardIncClassAMember_zgkSBEqXkMwf">4.26</span></span></td></tr> </table> </div> <div style="float: none; clear: both; width: 100%"> </div> 0.0759 0.0729 0.0713 0.0675 0.0652 0.0579 0.0525 0.0458 0.0453 0.0426 <p id="xdx_804_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030159Member_zysHuXfhlkcc" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SQBAX Class A This <span id="xdx_909_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030163Member_zYyw9n93oYHa">annual shareholder report</span> contains important information about the Saratoga Investment Quality Bond Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com/fund-reports 1-888-672-4839 <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030163Member_zhCSGNjTT4u6" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030163Member_zuoAUQHaVFb4">Saratoga Investment Quality Bond Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_908_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030163Member_ze1aMM14if88">231</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030163Member_z2WqKW1NvOt9">2.32%</span></span></td></tr> </table> Saratoga Investment Quality Bond Fund 231 0.0232 <p id="xdx_800_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030163Member_zRRsBQq5mdE5" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During the period, the Fund’s performance was largely driven by its concentration in the Intermediate-Term debt sector, which trailed the Short-Term debt sector, but outperformed the Long-Term debt sector. The Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed both the Intermediate- and Long-Term debt sectors.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">From a security-selection standpoint, the Fund’s use of the Vanguard Intermediate-Term Bond Index Fund hurt performance, as it trailed its active counterparts.</span></p> </td></tr> </table> <p id="xdx_80E_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030163Member_zmJpPtlnpwV3" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="sqbax_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 9307 9699 8/31/2017 9336 10042 8/31/2018 9248 10044 8/31/2019 9560 10920 8/31/2020 9832 11740 8/31/2021 9629 11559 8/31/2022 9358 10055 8/31/2023 9591 10610 8/31/2024 9628 10743 8/31/2025 10205 11527 8/31/2026 9996 11492 <p id="xdx_804_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030163Member_z6IbpYQKx359" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Investment Quality Bond Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030163WithSaleLoadMember_zlnknwBYnji4">-6.60%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030163WithSaleLoadMember_zdGQPU8pXudj">-0.64%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030163WithSaleLoadMember_zxbO05pUZiLf">0.00%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Investment Quality Bond Fund, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030163Member_z0fRZLQOWwej">-0.88%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030163Member_zmMsAvXsq7A4">0.55%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030163Member_zXweJOsxje53">0.59%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Bloomberg US Aggregate Bond Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030163BloombergUSAggregateBondIndexMember_zwHQmI4OzO95">1.89%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030163BloombergUSAggregateBondIndexMember_zgaj02sXFYjf">-0.29%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030163BloombergUSAggregateBondIndexMember_zf9BsSTZrQTj">1.40%</span></span></td></tr> </table> -0.0660 -0.0064 0.0000 -0.0088 0.0055 0.0059 0.0189 -0.0029 0.0140 <p id="xdx_807_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030163Member_zOGmtorKqVRj" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90E_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030163Member_ztyNh6miJnH3">7,346,732</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90C_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030163Member_z5oimhFt4iUc">44,242</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--HoldingsCount_iI_c20260831__oef--ClassAxis__custom--C000030163Member_zpTA6Sbz0Vql">3</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030163Member_z0peV2ssP8Z9">15%</span></span></td></tr> </table> 7346732 44242 3 0.15 <p id="xdx_801_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030163Member_za1I4unCsPZ3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="sqbax_002.jpg" style="height: 275px; width: 350px"/></p> </div> 0.026 0.374 0.600 <div id="xdx_80E_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030163Member_zECt0GdudsU" style="float: right; width: 48%"></div> <div style="float: right; width: 48%"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030163Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zFht3A2iT0q">93.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Short-Term Bond Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030163Member__oef--LargestHoldingAxis__custom--VanguardShortTermBondIndexFundAdmiralClassMember_zkwdV2mWrFyk">5.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030163Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zj4jGrD7c5Ng">1.90</span></span></td></tr> </table> </div> <div style="float: none; clear: both; width: 100%"> </div> 0.9300 0.0510 0.0190 <p id="xdx_80E_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030163Member_zO2U7gbJGYC6" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SQBCX Class C This <span id="xdx_90E_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030166Member_zEuF3jNKaDG4">annual shareholder report</span> contains important information about the Saratoga Investment Quality Bond Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_80C_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030166Member_zOHTw6M8Y2Vh" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030166Member_zW8IX9qBxN66">Saratoga Investment Quality Bond Fund</span>, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90D_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030166Member_zsip8uKZu3P">243</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030166Member_zAetrxJhYGFf">2.45%</span></span></td></tr> </table> Saratoga Investment Quality Bond Fund 243 0.0245 <p id="xdx_80C_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030166Member_zLGbWXsmkK7h" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During the period, the Fund’s performance was largely driven by its concentration in the Intermediate-Term debt sector, which trailed the Short-Term debt sector, but outperformed the Long-Term debt sector. The Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed both the Intermediate- and Long-Term debt sectors.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">From a security-selection standpoint, the Fund’s use of the Vanguard Intermediate-Term Bond Index Fund hurt performance, as it trailed its active counterparts.</span></p> </td></tr> </table> <p id="xdx_802_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030166Member_zVBIN2rAoW54" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="sqbcx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 9879 9699 8/31/2017 9881 10042 8/31/2018 9757 10044 8/31/2019 10033 10920 8/31/2020 10269 11740 8/31/2021 9993 11559 8/31/2022 9639 10055 8/31/2023 9817 10610 8/31/2024 9787 10743 8/31/2025 10334 11527 8/31/2026 10039 11492 <p id="xdx_802_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030166Member_zjbOb1eCrZhb" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Investment Quality Bond Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030166WithSaleLoadMember_zfA0T1dwmbY1">-2.85%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030166WithSaleLoadMember_zvn8niLCXpOk">-0.15%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030166WithSaleLoadMember_zf7pp6jbaSe5">0.04%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Investment Quality Bond Fund, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030166Member_zaTLQXt6dmt">-1.85%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030166Member_zE7n8VRuCCY6">-0.15%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030166Member_zE640IR4V5fj">0.04%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Bloomberg US Aggregate Bond Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030166BloombergUSAggregateBondIndexMember_za7QmBdT9Gkg">1.89%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030166BloombergUSAggregateBondIndexMember_zdNbsMhuQmji">-0.29%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030166BloombergUSAggregateBondIndexMember_zqCiTcww51A2">1.40%</span></span></td></tr> </table> -0.0285 -0.0015 0.0004 -0.0185 -0.0015 0.0004 0.0189 -0.0029 0.0140 <p id="xdx_80E_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030166Member_ztD4iYLaegW3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90D_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030166Member_zVI6KoTII9Uj">7,346,732</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90A_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030166Member_zetijcLPtX51">44,242</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--HoldingsCount_iI_c20260831__oef--ClassAxis__custom--C000030166Member_zi0tbH64dIOl">3</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030166Member_zEaVo43pOili">15%</span></span></td></tr> </table> 7346732 44242 3 0.15 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030166Member_z7DUVWgXhYyj" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="sqbcx_002.jpg" style="height: 275px; width: 350px"/></p> </div> 0.026 0.374 0.600 <div id="xdx_802_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030166Member_zRk0IwxUjdD1" style="float: right; width: 48%"></div> <div style="float: right; width: 48%"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030166Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zfjdQCeqCxXa">93.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Short-Term Bond Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030166Member__oef--LargestHoldingAxis__custom--VanguardLongTermBondIndexFundAdmiralClassMember_zQxkaSMkbIY9">5.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030166Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_z6zYdeCNzwU2">1.90</span></span></td></tr> </table> </div> <div style="float: none; clear: both; width: 100%"> </div> 0.9300 0.0510 0.0190 <p id="xdx_80A_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030166Member_z43P8BcAvCyf" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SIBPX Class I This <span id="xdx_90E_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030164Member_zlWZjNNyKN59">annual shareholder report</span> contains important information about the Saratoga Investment Quality Bond Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030164Member_zFUjJgfgEsf6" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030164Member_zTRU1VtKHSNj">Saratoga Investment Quality Bond Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_903_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030164Member_zVguJ2hHYBX">191</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030164Member_zhbdLdUFjeR3">1.92%</span></span></td></tr> </table> Saratoga Investment Quality Bond Fund 191 0.0192 <p id="xdx_80C_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000030164Member_zmjFSPD2sEe2" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During the period, the Fund’s performance was largely driven by its concentration in the Intermediate-Term debt sector, which trailed the Short-Term debt sector, but outperformed the Long-Term debt sector. The Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed both the Intermediate- and Long-Term debt sectors.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">From a security-selection standpoint, the Fund’s use of the Vanguard Intermediate-Term Bond Index Fund hurt performance, as it trailed its active counterparts.</span></p> </td></tr> </table> <p id="xdx_806_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000030164Member_z8JEI16lkJY6" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How did the Fund perform over the past 10 years?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment over the past 10 years in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="sibpx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2016 9882 9699 8/31/2017 9948 10042 8/31/2018 9878 10044 8/31/2019 10257 10920 8/31/2020 10602 11740 8/31/2021 10419 11559 8/31/2022 10157 10055 8/31/2023 10452 10610 8/31/2024 10533 10743 8/31/2025 11218 11527 8/31/2026 11005 11492 <p id="xdx_808_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000030164Member_zSvEvgd3s1Ef" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>10 Years</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Investment Quality Bond Fund, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000030164Member_zZK1b4iCwdqe">-0.62%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000030164Member_zYNpsmJPN8ri">0.92%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--ClassAxis__custom--C000030164Member_zlwNi8nXn3d3">0.97%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Bloomberg US Aggregate Bond Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000030164BloombergUSAggregateBondIndexMember_z1wQSngHbSx8">1.89%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000030164BloombergUSAggregateBondIndexMember_z1hDpr59eQc9">-0.29%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20160901__20260831__oef--BroadBasedIndexAxis__custom--C000030164BloombergUSAggregateBondIndexMember_zC4ChXFhvmo7">1.40%</span></span></td></tr> </table> -0.0062 0.0092 0.0097 0.0189 -0.0029 0.0140 <p id="xdx_80D_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030164Member_zKbNWkclXYy" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_907_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030164Member_ztCsm9cUPsi5">7,346,732</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_908_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030164Member_zJWOKs0NsX12">44,242</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--HoldingsCount_iI_c20260831__oef--ClassAxis__custom--C000030164Member_zVpLpsK3ipR1">3</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000030164Member_zMA6TJhUdKLf">15%</span></span></td></tr> </table> 7346732 44242 3 0.15 <p id="xdx_80E_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000030164Member_zWJH2zIsPUyd" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="sibpx_002.jpg" style="height: 275px; width: 350px"/></p> </div> 0.026 0.374 0.600 <div id="xdx_80E_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030164Member_z7TIiEGKKlMl" style="float: right; width: 48%"></div> <div style="float: right; width: 48%"><p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030164Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zheBLSibmQkl">93.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Short-Term Bond Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030164Member__oef--LargestHoldingAxis__custom--VanguardShortTermBondIndexFundAdmiralClassMember_zCaanMffqsVk">5.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000030164Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zAs1HF0tRsbe">1.90</span></span></td></tr> </table> </div> <div style="float: none; clear: both; width: 100%"> </div> 0.9300 0.0510 0.0190 <p id="xdx_80B_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030164Member_zPjIsGFUcURb" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SGAXX Class A This <span id="xdx_901_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030147Member_zVNOfCBJPnaj">annual shareholder report</span> contains important information about the Saratoga US Government Money Market Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_80E_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030147Member_zmDq0233Q963" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030147Member_zqfHnbIz8Nfj">Saratoga US Government Money Market Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90B_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030147Member_zkAuxR4iI53d">189</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030147Member_zFLpn9KPsII1">1.87%</span></span></td></tr> </table> Saratoga US Government Money Market Fund 189 0.0187 <p id="xdx_80C_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030147Member_zf7twbkn3e55" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_906_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030147Member_zCUBVHUnIYb7">4,054,006</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_904_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030147Member_zXGPzaJnlSad">20,190</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030147Member_zPKyCrfM9cBa">4</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">NA</span></td></tr> </table> 4054006 20190 4 <p id="xdx_803_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030147Member_zmCmxvxfiyEj" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><img alt="" src="sgaxx_001.jpg" style="height: 310px; width: 770px"/></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> 0.2484 0.2484 0.2484 0.2484 <p id="xdx_80E_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030147Member_zVfSDGU7viF9" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SZCXX Class C This <span id="xdx_903_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030150Member_z2MvH7fAbtM4">annual shareholder report</span> contains important information about the Saratoga US Government Money Market Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_809_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030150Member_ztUUZ9Rk8PSg" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030150Member_z0Kng7sjzYu7">Saratoga US Government Money Market Fund</span>, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90A_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030150Member_zId4U7lB8NTk">247</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030150Member_zY2fWi41OmTg">2.46%</span></span></td></tr> </table> Saratoga US Government Money Market Fund 247 0.0246 <p id="xdx_808_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030150Member_zVrCbNgPFiB1" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_900_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030150Member_zAA59xNKpnC1">4,054,006</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_908_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030150Member_zpH6INZGp0s5">20,190</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030150Member_zkCVepVOWWE8">4</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">NA</span></td></tr> </table> 4054006 20190 4 <p id="xdx_80D_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030150Member_zEEEA87kpQw9" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><img alt="" src="szcxx_001.jpg" style="height: 309px; width: 770px"/></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> 0.2484 0.2484 0.2484 0.2484 <p id="xdx_80B_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030150Member_z3kADhRpzLmk" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SGMXX Class I This <span id="xdx_906_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000030148Member_zNuTdHgMjQld">annual shareholder report</span> contains important information about the Saratoga US Government Money Market Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000030148Member_zpb8vYII4w6j" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000030148Member_zffK0QwqhQVf">Saratoga US Government Money Market Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90A_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030148Member_zUEjBP40YtKi">148</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000030148Member_zCt50tHAOPQ3">1.46%</span></span></td></tr> </table> Saratoga US Government Money Market Fund 148 0.0146 <p id="xdx_800_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000030148Member_zglJHz2OGKCa" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90B_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000030148Member_zyQVYRxYYF79">4,054,006</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_906_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000030148Member_zVcMNsLfCpb">20,190</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000030148Member_zatN4bxyfrj4">4</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">NA</span></td></tr> </table> 4054006 20190 4 <p id="xdx_80D_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000030148Member_zabiwNdzDCs6" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><img alt="" src="szmxx_001.jpg" style="height: 309px; width: 770px"/></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> 0.2484 0.2484 0.2484 0.2484 <p id="xdx_804_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000030148Member_zSLwAqNbotx2" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SABAX Class A This <span id="xdx_905_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196871Member_zcBxnf6VldV2">annual shareholder report</span> contains important information about the Saratoga Aggressive Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_806_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196871Member_ztQeQHP2tNI2" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196871Member_zliwd9B38mF7">Saratoga Aggressive Balanced Allocation Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_908_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196871Member_z8cW9kE2mbY8">130</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196871Member_zUJPmOxU8Vi2">1.24%</span></span></td></tr> </table> Saratoga Aggressive Balanced Allocation Fund 130 0.0124 <p id="xdx_802_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196871Member_zaQymTHU5FPk" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During the period, an underweight to equities versus the benchmark was a drag on performance, as stocks outperformed bonds, cash equivalents, and alternatives, and the Fund was underweight in international stocks, which outperformed U.S. stocks during the period. The Fund’s smaller allocation to bonds in favor of cash equivalents and alternatives helped the Fund’s relative performance.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped the Fund’s relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth, Saratoga Technology &amp; Communications, and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Health &amp; Biotechnology and Saratoga Mid Cap funds outperformed their passive counterparts, helping the Fund’s relative performance.</span></p></td></tr> </table> <p id="xdx_808_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196871Member_zsx9uXV8JX9h" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="sabax_001.jpg" style="height: 231px; width: 770px"/></span></p> 8/31/2018 8708 9195 8/31/2019 10303 11305 8/31/2020 11266 12832 8/31/2021 12543 14634 8/31/2022 11115 12368 8/31/2023 12772 14344 8/31/2024 14330 15873 8/31/2025 16144 18801 8/31/2026 17084 21016 <p id="xdx_808_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196871Member_zRRMz7kIZSTh" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Aggressive Balanced Allocation Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196871WithSaleLoadMember_zyHIWw0LkB71">2.94%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196871WithSaleLoadMember_zE7IRMFTkwF7">5.49%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196871WithSaleLoadMember_fMQ_____zTQJawk9W118">6.75%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Aggressive Balanced Allocation Fund, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196871Member_zZVOOPT50RK3">9.23%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196871Member_z9t9ARiyjVBi">6.74%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196871Member_fMQ_____zefhz1V8prna">7.48%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar Mod. Aggressive Target Risk Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196871MorningstarModAggressiveTargetRiskIndexMember_zfbEQdBjWgJ8">17.10%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196871MorningstarModAggressiveTargetRiskIndexMember_z9k31WAOov8k">7.75%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196871MorningstarModAggressiveTargetRiskIndexMember_fMQ_____z4VzPyzAHNS4">8.96%</span></span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify; width: 0.25in"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F01_zMNkVeVWT9U6">1</sup></i> </span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F17_zHisDOhejAo6">From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td></tr> </table> 0.0294 0.0549 0.0675 0.0923 0.0674 0.0748 0.1710 0.0775 0.0896 <p id="xdx_805_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196871Member_zYr7dGNDKsT8" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90E_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196871Member_ztiClXW5pyD2">1,860,109</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90E_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196871Member_zuN8vpkIocna">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196871Member_zH4LdkkPLxYk">11</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196871Member_zctMQwpYSK87">18%</span></span></td></tr> </table> 1860109 0 11 0.18 <p id="xdx_80A_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196871Member_zc4AmOZ0KC2l" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><img alt="" src="sabax_002.jpg" style="height: 275px; width: 350px"/></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> 0.040 0.717 0.168 0.075 <p id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196871Member_zPQJvQwbgujh" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196871Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zJlRythwnoz1">16.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196871Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zwminqmC5RFc">14.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196871Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_z5Ov99DuqjAd">13.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196871Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_zqoZFJLY4wYe">12.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Small Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196871Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_zu0uajmYFJ5">10.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Total International Stock Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196871Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zJkyCMUk5k86">8.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90C_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196871Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zmpEljxBAnF1">7.50</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Technology &amp; Comm Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196871Member__oef--LargestHoldingAxis__custom--SaratogaTechnologyAndCommFundClassIMember_zaoC7kvUUJof">6.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Eaton Vance Global Macro Absolute Return Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196871Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_zoR2EVjIR0t7">4.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Health &amp; Biotech Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196871Member__oef--LargestHoldingAxis__custom--SaratogaHealthAndBiotechFundClassIMember_z3gbnRk6h7qj">3.80</span></span></td></tr> </table> 0.1610 0.1490 0.1360 0.1290 0.1030 0.0860 0.0750 0.0690 0.0400 0.0380 <p id="xdx_809_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196871Member_zTrJyNkgoCP8" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SABCX Class C This <span id="xdx_90C_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196872Member_zUjzvbKrGxp6">annual shareholder report</span> contains important information about the Saratoga Aggressive Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_803_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196872Member_zhHm0Yh1Lz68" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196872Member_zUALgAOEamOc">Saratoga Aggressive Balanced Allocation Fund</span>, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90F_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196872Member_zPoAMPjqf6Ye">207</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196872Member_zPXfMgIysnne">1.99%</span></span></td></tr> </table> Saratoga Aggressive Balanced Allocation Fund 207 0.0199 <p id="xdx_801_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196872Member_zBPbxIaTNRIh" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During the period, an underweight to equities versus the benchmark was a drag on performance, as stocks outperformed bonds, cash equivalents, and alternatives, and the Fund was underweight in international stocks, which outperformed U.S. stocks during the period. The Fund’s smaller allocation to bonds in favor of cash equivalents and alternatives helped the Fund’s relative performance.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped the Fund’s relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth, Saratoga Technology &amp; Communications, and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Health &amp; Biotechnology and Saratoga Mid Cap funds outperformed their passive counterparts, helping the Fund’s relative performance.</span></p></td></tr> </table> <p id="xdx_803_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196872Member_zIVr8dpBiMXj" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="sabcx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2018 9239 9195 8/31/2019 10904 11305 8/31/2020 11830 12832 8/31/2021 13450 14634 8/31/2022 11804 12368 8/31/2023 13459 14344 8/31/2024 14993 15873 8/31/2025 16761 18801 8/31/2026 17644 21016 <p id="xdx_80D_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196872Member_zIm1svDqEm9" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Aggressive Balanced Allocation Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196872WithSaleLoadMember_zfpfv4TCuvUg">7.38%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196872WithSaleLoadMember_zT3BRTJsDkOd">5.88%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196872WithSaleLoadMember_fMQ_____zp1NxjwaiH5c">6.78%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Aggressive Balanced Allocation Fund, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196872Member_ztvhjym6cLll">8.38%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196872Member_zMokumD8xR2a">5.88%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196872Member_fMQ_____zzMVWgo1Ibh3">6.78%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar Mod. Aggressive Target Risk Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196872MorningstarModAggressiveTargetRiskIndexMember_zXDXHWMpJwig">17.10%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196872MorningstarModAggressiveTargetRiskIndexMember_zx1ABDUZfMo1">7.75%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196872MorningstarModAggressiveTargetRiskIndexMember_fMQ_____zE2qYefqEiJe">8.96%</span></span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify; width: 0.25in"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F05_zt43VdBZMSE9">1</sup></i> </span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F15_zII6OuBq6arh">From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td></tr> </table> 0.0738 0.0588 0.0678 0.0838 0.0588 0.0678 0.1710 0.0775 0.0896 <p id="xdx_802_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196872Member_znyhv5vrtBq9" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_902_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196872Member_zwRBSwRrxSK5">1,860,109</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_900_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196872Member_zZoBtpg8cL08">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196872Member_zDvycsnD47g">11</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196872Member_zXOgT8vJB8E8">18%</span></span></td></tr> </table> 1860109 0 11 0.18 <p id="xdx_80C_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196872Member_zyqZpKLB3TDf" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="sabcx_002.jpg" style="height: 275px; width: 350px"/></div> <div style="float: left; width: 48%"></div> 0.040 0.717 0.168 0.075 <p id="xdx_80E_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196872Member_zCUq375fHBQf" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196872Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zHecC2wIHDTh">16.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196872Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zGZRLmmZkvvg">14.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196872Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_znoBIZFG5lC1">13.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196872Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_zeC3Twctj8B">12.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Small Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196872Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_zONAwXP7jNYh">10.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Total International Stock Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196872Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zstgPI5QtXTl">8.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196872Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zwVYyZ85xtDg">7.50</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Technology &amp; Comm Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196872Member__oef--LargestHoldingAxis__custom--SaratogaTechnologyAndCommFundClassIMember_zAsoQJlsshy4">6.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Eaton Vance Global Macro Absolute Return Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196872Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_z0JrM3jMwKp3">4.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Health &amp; Biotech Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196872Member__oef--LargestHoldingAxis__custom--SaratogaHealthAndBiotechFundClassIMember_zIWoNZgvx5V4">3.80</span></span></td></tr> </table> 0.1610 0.1490 0.1360 0.1290 0.1030 0.0860 0.0750 0.0690 0.0400 0.0380 <p id="xdx_809_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196872Member_z5yGWGxK5W4j" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SABIX Class I This <span id="xdx_900_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196873Member_zZyXn8bH1Koj">annual shareholder report</span> contains important information about the Saratoga Aggressive Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_800_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196873Member_zNmj1sm57eUb" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196873Member_z7I8xllVzrk4">Saratoga Aggressive Balanced Allocation Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_908_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196873Member_z1TLbbp2hOq9">104</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196873Member_zl4YGLtPXrpl">0.99%</span></span></td></tr> </table> Saratoga Aggressive Balanced Allocation Fund 104 0.0099 <p id="xdx_805_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196873Member_zyf7e3OrLd13" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During the period, an underweight to equities versus the benchmark was a drag on performance, as stocks outperformed bonds, cash equivalents, and alternatives, and the Fund was underweight in international stocks, which outperformed U.S. stocks during the period. The Fund’s smaller allocation to bonds in favor of cash equivalents and alternatives helped the Fund’s relative performance.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped the Fund’s relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth, Saratoga Technology &amp; Communications, and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Health &amp; Biotechnology and Saratoga Mid Cap funds outperformed their passive counterparts, helping the Fund’s relative performance.</span></p></td></tr> </table> <p id="xdx_804_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196873Member_z3N4LkIbvYQg" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="sabix_001.jpg" style="height: 231px; width: 770px"/></p> 8/31/2018 9239 9195 8/31/2019 10965 11305 8/31/2020 12010 12832 8/31/2021 13792 14634 8/31/2022 12228 12368 8/31/2023 14082 14344 8/31/2024 15841 15873 8/31/2025 17891 18801 8/31/2026 18954 21016 <p id="xdx_80C_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196873Member_z9yBS8V7iZT" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Aggressive Balanced Allocation Fund, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196873Member_zaNcD9LZ8W1j">9.51%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196873Member_zSQi6XS9yfBl">6.95%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196873Member_fMQ_____zdVNiFpGhnz9">7.67%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar Mod. Aggressive Target Risk Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196873MorningstarModAggressiveTargetRiskIndexMember_zRmuoNjdjNa3">17.10%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196873MorningstarModAggressiveTargetRiskIndexMember_zXcYcIG2OUK5">7.75%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196873MorningstarModAggressiveTargetRiskIndexMember_fMQ_____zVvIFh0iyh4">8.96%</span></span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify; width: 0.25in"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F0C_z2LCt9VzQHk3">1</sup></i> </span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F18_zN57s2x0aABg">From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td></tr> </table> 0.0951 0.0695 0.0767 0.1710 0.0775 0.0896 <p id="xdx_80B_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196873Member_z7j8GSLPg7Sj" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_902_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196873Member_z0aYsuMvv9kg">1,860,109</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90E_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196873Member_z7F4IPPktFo8">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196873Member_zW31f9RRKWWb">11</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196873Member_z5xglviutBN4">18%</span></span></td></tr> </table> 1860109 0 11 0.18 <p id="xdx_80A_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196873Member_zPQf1unasH02" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="sabix_002.jpg" style="height: 275px; width: 350px"/></div> <div style="float: left; width: 48%"></div> 0.040 0.717 0.168 0.075 <p id="xdx_802_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196873Member_z5boeEiAmpF4" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196873Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zYRcfEJtP7di">16.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196873Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zGbKPOeFkbZ6">14.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196873Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_zaZASKNhmpu5">13.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196873Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_zzeJDS9p5Iva">12.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Small Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196873Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_zC3mks1KYKa7">10.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Total International Stock Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196873Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zDf1ANUBkLcj">8.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196873Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zb3OlMNbHz4a">7.50</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Technology &amp; Comm Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196873Member__oef--LargestHoldingAxis__custom--SaratogaTechnologyAndCommFundClassIMember_zf1XDGGDdNPe">6.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Eaton Vance Global Macro Absolute Return Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196873Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_zroNYYinH6L9">4.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Health &amp; Biotech Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196873Member__oef--LargestHoldingAxis__custom--SaratogaHealthAndBiotechFundClassIMember_zJncw6h9AMQa">3.80</span></span></td></tr> </table> 0.1610 0.1490 0.1360 0.1290 0.1030 0.0860 0.0750 0.0690 0.0400 0.0380 <p id="xdx_80D_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196873Member_zzCp2BQflZW9" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SCAAX Class A This <span id="xdx_901_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196874Member_zsFG7keo5Zvf">annual shareholder report</span> contains important information about the Saratoga Conservative Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_808_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196874Member_zKBc1ebwwBbi" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196874Member_zpSORphgmqI">Saratoga Conservative Balanced Allocation Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_903_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196874Member_zQqAeVQFB7G8">127</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196874Member_z8l8Wx8s61Cg">1.24%</span></span></td></tr> </table> Saratoga Conservative Balanced Allocation Fund 127 0.0124 <p id="xdx_803_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196874Member_z9ofZeadLSu3" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During the period, the Fund’s equity allocation was roughly in line with the benchmark’s, but it was underweight international stocks, which outperformed U.S. stocks during the period. The Fund also held less in bonds than the benchmark and more in cash equivalents and alternatives, which helped the Fund’s relative performance, as bonds trailed both cash equivalents and alternatives.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped the Fund’s relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Mid Cap fund outperformed its passive counterpart, helping the Fund’s relative performance.</span></p></td></tr> </table> <p id="xdx_80F_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196874Member_zKrZPTAAb5e3" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="scaax_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2018 8988 9648 8/31/2019 10218 11119 8/31/2020 10955 12438 8/31/2021 12060 13230 8/31/2022 10986 11397 8/31/2023 12041 12639 8/31/2024 13054 13448 8/31/2025 14450 15178 8/31/2026 14809 16060 <p id="xdx_80B_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196874Member_zdzEKbvzMqP" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Conservative Balanced Allocation Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">-<span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196874WithSaleLoadMember_zfmWN2Blb598">0.80%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196874WithSaleLoadMember_zRxhDdESabE1">3.28%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196874WithSaleLoadMember_fMQ_____zEFoMdP07sOk">4.64%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Conservative Balanced Allocation Fund, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196874Member_zp53ptDOLiR">5.27%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196874Member_znMXqXNALuia">4.51%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196874Member_fMQ_____zePdsJ02mL9c">5.36%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar Mod. Conservative Target Risk Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196874MorningstarModConservativeTargetRiskIndexMember_zBaWVVM3vll3">9.39%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196874MorningstarModConservativeTargetRiskIndexMember_zYJVSsuyliDa">3.99%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196874MorningstarModConservativeTargetRiskIndexMember_fMQ_____zqxsLzkqaBsi">5.63%</span></span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify; width: 0.25in"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F00_zc4JuI2GLhE9">1</sup></i> </span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F1F_zkFmRePffvPj">From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td></tr> </table> 0.0080 0.0328 0.0464 0.0527 0.0451 0.0536 0.0939 0.0399 0.0563 <p id="xdx_80E_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196874Member_zlReSB6O5bJb" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_901_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196874Member_zhYaO4I7ww1l">3,215,892</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90B_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196874Member_zs9kB57aCwa8">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196874Member_zwhs9SVWpz32">9</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196874Member_zQqJq4CYzZNi">16%</span></span></td></tr> </table> 3215892 0 9 0.16 <p id="xdx_80F_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196874Member_zryqdVwVlXhb" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="scaax_002.jpg" style="height: 275px; width: 350px"/></div> <div style="float: left; width: 48%"></div> 0.083 0.429 0.355 0.135 <p id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196874Member_zJjWk0nwYoj4" style="margin-top: 0; margin-bottom: 0"></p> <div style="float: right; width: 48%"><table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196874Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zw4YWf361g54">32.50</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196874Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zpxIRRoHxFCc">14.80</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196874Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zTcoQ44NXqK2">13.50</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196874Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_zogPAOYzLrbb">12.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196874Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_zkfotmmhDhpj">11.70</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Eaton Vance Global Macro Absolute Return Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196874Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_zMIWqawEmIRk">8.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vanguard Short-Term Bond Index Fund, Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196874Member__oef--LargestHoldingAxis__custom--VanguardShortTermBondIndexFundAdmiralClassMember_zTVNKiX6L0w5">2.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Small Capitalization Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196874Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_zceZXlADgMXk">2.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vanguard Total International Stock Index Fund, Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196874Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zxQUM3I96ai8">1.80</span></td></tr> </table> </div> <div style="float: none; clear: both; width: 100%"> </div> 0.3250 0.1480 0.1350 0.1240 0.1170 0.0830 0.0280 0.0260 0.0180 <p id="xdx_80B_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196874Member_zYA6tkgWUSWe" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SUMCX Class C This <span id="xdx_90B_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196875Member_zzXz7tJnucs3">annual shareholder report</span> contains important information about the Saratoga Conservative Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_80E_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196875Member_zdiJ3dugKIIb" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196875Member_zSZIMndmCxO6">Saratoga Conservative Balanced Allocation Fund</span>, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_907_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196875Member_zZtWvO1P1Bch">203</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196875Member_zh12QmgbBnla">1.99%</span></span></td></tr> </table> Saratoga Conservative Balanced Allocation Fund 203 0.0199 <p id="xdx_80A_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196875Member_z3HM2N9U5Jna" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During the period, the Fund’s equity allocation was roughly in line with the benchmark’s, but it was underweight international stocks, which outperformed U.S. stocks during the period. The Fund also held less in bonds than the benchmark and more in cash equivalents and alternatives, which helped the Fund’s relative performance, as bonds trailed both cash equivalents and alternatives.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped the Fund’s relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Mid Cap fund outperformed its passive counterpart, helping the Fund’s relative performance.</span></p></td></tr> </table> <p id="xdx_806_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196875Member_zFKrG8gOiMqi" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="sumcx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2018 9526 9648 8/31/2019 10817 11119 8/31/2020 11498 12438 8/31/2021 12573 13230 8/31/2022 11363 11397 8/31/2023 12366 12639 8/31/2024 13303 13448 8/31/2025 14610 15178 8/31/2026 14901 16060 <p id="xdx_806_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196875Member_zizHit6LR7Kc" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Conservative Balanced Allocation Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196875WithSaleLoadMember_zPe7DZV0zfX">3.45%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196875WithSaleLoadMember_zjlj40WEnXv9">3.73%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196875WithSaleLoadMember_fMQ_____zBhiqBUwWwAj">4.72%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Conservative Balanced Allocation Fund, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196875Member_zb5AAdtSuSi">4.45%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196875Member_zK4g07IGT2q7">3.73%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196875Member_fMQ_____zoFNilEUXNs5">4.72%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar Mod. Conservative Target Risk Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196875MorningstarModConservativeTargetRiskIndexMember_zCl1eh5DUdDk">9.39%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196875MorningstarModConservativeTargetRiskIndexMember_z1JbK6ipC75d">3.99%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196875MorningstarModConservativeTargetRiskIndexMember_fMQ_____zYI2HRhNIAkc">5.63%</span></span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify; width: 0.25in"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F03_zyQynTpB6kIk">1</sup></i> </span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F13_zqMMCSPnGTPl">From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td></tr> </table> 0.0345 0.0373 0.0472 0.0445 0.0373 0.0472 0.0939 0.0399 0.0563 <p id="xdx_80A_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196875Member_z33xmblqyp82" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_901_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196875Member_zjzZW6nTwhCf">3,215,892</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_909_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196875Member_z1UYxldJODnk">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196875Member_zvIwhaJ9OJH1">9</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196875Member_zpfxtCtIwgPd">16%</span></span></td></tr> </table> 3215892 0 9 0.16 <p id="xdx_804_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196875Member_z5ivKLGel6wa" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="sumcx_002.jpg" style="height: 275px; width: 350px"/></div> <div style="float: left; width: 48%"></div> 0.083 0.429 0.353 0.135 <p id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196875Member_zAS1vo4uPI48" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196875Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zlAGUO5GMgX7">32.50</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196875Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_z20KqTw7iAp">14.80</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196875Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zBGkIG1zqM44">13.50</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196875Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_zMgyCfRLO6Na">12.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196875Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_zRkBSfqb17Dl">11.70</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Eaton Vance Global Macro Absolute Return Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196875Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_zth2AXd04ZMf">8.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vanguard Short-Term Bond Index Fund, Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196875Member__oef--LargestHoldingAxis__custom--VanguardShortTermBondIndexFundAdmiralClassMember_zw4Sgxrje5J8">2.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Small Capitalization Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196875Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_zHPMykgjszt4">2.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vanguard Total International Stock Index Fund, Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90C_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196875Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zRgz2uBpoq72">1.80</span></td></tr> </table> <div style="float: none; clear: both; width: 100%">  </div> 0.3250 0.1480 0.1350 0.1240 0.1170 0.0830 0.0280 0.0260 0.0180 <p id="xdx_803_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196875Member_zE3ZctpiALai" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 LUNAX Class I This <span id="xdx_908_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196876Member_zf8OfYyLLMW1">annual shareholder report</span> contains important information about the Saratoga Conservative Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_80C_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196876Member_zpsMmSxDes26" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196876Member_zFjyle83tVC4">Saratoga Conservative Balanced Allocation Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_900_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196876Member_znYmWbGplijh">102</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196876Member_z5oSILHC5aRe">0.99%</span></span></td></tr> </table> Saratoga Conservative Balanced Allocation Fund 102 0.0099 <p id="xdx_805_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196876Member_zFca79MB5vKg" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During the period, the Fund’s equity allocation was roughly in line with the benchmark’s, but it was underweight international stocks, which outperformed U.S. stocks during the period. The Fund also held less in bonds than the benchmark and more in cash equivalents and alternatives, which helped the Fund’s relative performance, as bonds trailed both cash equivalents and alternatives.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped the Fund’s relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Mid Cap fund outperformed its passive counterpart, helping the Fund’s relative performance.</span></p></td></tr> </table> <p id="xdx_805_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196876Member_zXYnkfJTskV5" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="lunax_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2018 9532 9648 8/31/2019 10874 11119 8/31/2020 11685 12438 8/31/2021 12906 13230 8/31/2022 11775 11397 8/31/2023 12936 12639 8/31/2024 14071 13448 8/31/2025 15605 15178 8/31/2026 16022 16060 <p id="xdx_806_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196876Member_zxEE6OBHCcEf" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Conservative Balanced Allocation Fund, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196876Member_zsibvcK03JUl">5.48%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196876Member_z2R4kkCXOdue">4.77%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196876Member_fMQ_____zqiSlgPsJZKd">5.60%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar Mod. Conservative Target Risk Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--MorningstarModConservativeTargetRiskIndexMember_ziviEdsYMThg">9.39%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--MorningstarModConservativeTargetRiskIndexMember_zdB68Oz9rg76">3.99%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--MorningstarModConservativeTargetRiskIndexMember_fMQ_____ziroVrsWVFL8">5.63%</span></span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify; width: 0.25in"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F05_zJHnouhFsWJ1">1</sup></i> </span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F14_zJfH2WFThCU2">From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td></tr> </table> 0.0548 0.0477 0.0560 0.0939 0.0399 0.0563 <p id="xdx_807_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196876Member_zxJFpIEi5FL5" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_902_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196876Member_zYnmA5u9GIk">3,215,892</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90C_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196876Member_zuAVGvCOGVt1">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196876Member_zZBgRSoi67Na">9</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_908_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196876Member_zfDHDb2pmj73">16%</span></span></td></tr> </table> 3215892 0 9 0.16 <p id="xdx_80A_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196876Member_zerlzUYQDNgj" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="lunax_002.jpg" style="height: 275px; width: 350px"/></div> <div style="float: left; width: 48%"></div> 0.083 0.429 0.353 0.135 <p id="xdx_80B_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196876Member_zm8mzz5ua974" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196876Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zG16LIr8Xnnd">32.50</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196876Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zNC9vuilLlP4">14.80</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196876Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_z8Mweu7NEEhl">13.50</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196876Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_znnqZPjHWRS3">12.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196876Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_zbf5ah2dbSw9">11.70</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Eaton Vance Global Macro Absolute Return Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196876Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_zACpPIo2JAF3">8.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vanguard Short-Term Bond Index Fund, Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196876Member__oef--LargestHoldingAxis__custom--VanguardShortTermBondIndexFundAdmiralClassMember_zEGGNYFnNXPg">2.80</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Small Capitalization Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196876Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_z4dvk8rD3de3">2.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vanguard Total International Stock Index Fund, Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196876Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zbi364iM1fgc">1.80</span></td></tr> </table> <div style="float: none; clear: both; width: 100%">  </div> 0.3250 0.1480 0.1350 0.1240 0.1170 0.0830 0.0280 0.0260 0.0180 <p id="xdx_800_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196876Member_zKaBlxO6PaIf" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SMPAX Class A This <span id="xdx_901_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196877Member_z6siaCEZEIM8">annual shareholder report</span> contains important information about the Saratoga Moderate Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_806_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196877Member_zuUUjWLE0she" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196877Member_zeNwSiMBRAj1">Saratoga Moderate Balanced Allocation Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_904_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196877Member_zyJSjyse6uU1">129</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196877Member_zjsk1v3ML9gf">1.24%</span></span></td></tr> </table> Saratoga Moderate Balanced Allocation Fund 129 0.0124 <p id="xdx_80F_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196877Member_zvkWrwenoim2" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During the period, the Fund’s equity allocation was roughly in line with the benchmark’s, but the Fund held considerably less in international stocks, which hurt relative performance, as international stocks outperformed U.S. stocks. The Fund held less in bonds than the benchmark and more in cash equivalents and alternatives, which helped the Fund’s performance, as bonds trailed both cash equivalents and alternatives.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth, Saratoga Technology &amp; Communications, and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Health &amp; Biotechnology and Saratoga Mid Cap funds outperformed their passive counterparts, helping the Fund’s relative performance.</p></td></tr> </table> <p id="xdx_807_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196877Member_zo0kJbDvUVei" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="smpax_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2018 8885 9426 8/31/2019 10393 11219 8/31/2020 11390 12658 8/31/2021 12891 13948 8/31/2022 11522 11887 8/31/2023 13025 13459 8/31/2024 14465 14571 8/31/2025 16194 16895 8/31/2026 16864 18405 <p id="xdx_801_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196877Member_z0xwlk1ccWK3" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderate Balanced Allocation Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196877WithSaleLoadMember_z4YjfrHm9u81">1.08%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196877WithSaleLoadMember_zbW2dhodMAR2">4.68%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196877WithSaleLoadMember_fMQ_____zVbksQXwNIoh">6.23%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderate Balanced Allocation Fund, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196877Member_zOjU8CxNdE5e">7.27%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196877Member_z3QiLM6U2UNl">5.92%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196877Member_fMQ_____zyTrsjtAfRYd">6.95%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar Moderate Target Risk Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196877MorningstarModerateTargetRiskIndexMember_zWiBzHYmQudg">13.41%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196877MorningstarModerateTargetRiskIndexMember_zox9NIah4Zm9">5.85%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196877MorningstarModerateTargetRiskIndexMember_fMQ_____zxs2elCvyr48">7.30%</span></span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify; width: 0.25in"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F00_z0BxictqZYm5">1</sup></i> </span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F18_ziQVXjdNJWAd">From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td></tr> </table> 0.0108 0.0468 0.0623 0.0727 0.0592 0.0695 0.1341 0.0585 0.0730 <p id="xdx_801_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196877Member_zKHIrpyA408k" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif">$<span id="xdx_90C_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196877Member_zvRqKGl2r6B8">2,626,573</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90E_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196877Member_zLsZBK0GusW3">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196877Member_zRFZEZ3xZ8K9">11</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196877Member_zounKe3is5Si">14%</span></span></td></tr> </table> 2626573 0 11 0.14 <p id="xdx_803_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196877Member_zPMNuoAJPlS6" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><img alt="" src="smpax_002.jpg" style="height: 275px; width: 350px"/></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> 0.061 0.609 0.236 0.094 <p id="xdx_803_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196877Member_zCoQqtU4Wf67" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196877Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_z86FnSpFnSg9">21.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196877Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zlEn58TwUw7g">17.70</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196877Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_zcuP9UwHFuDc">14.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196877Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_z1htDLytKRmg">14.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196877Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zyprMGwasDP">9.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Eaton Vance Global Macro Absolute Return Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196877Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_zqEd4ltaOIY8">6.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Saratoga Small Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196877Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_zspE8p6KvKX8">5.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Saratoga Technology &amp; Comm Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196877Member__oef--LargestHoldingAxis__custom--SaratogaTechnologyAndCommFundClassIMember_z2Cxh9n9fOfa">4.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Total International Stock Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196877Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zmFyJRZwnvZ">3.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vanguard Short-Term Bond Index Fund, Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196877Member__oef--LargestHoldingAxis__custom--VanguardShortTermBondIndexFundAdmiralClassMember_zZK2FjlTjY7f">2.60</span></td></tr> </table> <div style="float: none; clear: both; width: 100%"> </div> 0.2100 0.1770 0.1490 0.1410 0.0940 0.0610 0.0510 0.0400 0.0340 0.0260 <p id="xdx_804_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196877Member_zOBkXVITbN5h" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SBMCX Class C This <span id="xdx_905_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196878Member_z7VW6wFtTax4">annual shareholder report</span> contains important information about the Saratoga Moderate Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_80E_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196878Member_z1ZM8pcKjlpe" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196878Member_z8Up18A7DMo">Saratoga Moderate Balanced Allocation Fund</span>, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_909_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196878Member_zO5hylS0lUbb">205</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196878Member_zdUK2t90vpy5">1.99%</span></span></td></tr> </table> Saratoga Moderate Balanced Allocation Fund 205 0.0199 <p id="xdx_80D_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196878Member_zSHAOBk4lM46" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During the period, the Fund’s equity allocation was roughly in line with the benchmark’s, but the Fund held considerably less in international stocks, which hurt relative performance, as international stocks outperformed U.S. stocks. The Fund held less in bonds than the benchmark and more in cash equivalents and alternatives, which helped the Fund’s performance, as bonds trailed both cash equivalents and alternatives.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth, Saratoga Technology &amp; Communications, and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Health &amp; Biotechnology and Saratoga Mid Cap funds outperformed their passive counterparts, helping the Fund’s relative performance.</p></td></tr> </table> <p id="xdx_800_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196878Member_z9UYJW6JknSi" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="sbmcx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2018 9427 9426 8/31/2019 10971 11219 8/31/2020 11937 12658 8/31/2021 13405 13948 8/31/2022 11897 11887 8/31/2023 13350 13459 8/31/2024 14706 14571 8/31/2025 16340 16895 8/31/2026 16932 18405 <p id="xdx_806_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196878Member_zbZMgQQxKCwl" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderate Balanced Allocation Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196878WithSaleLoadMember_ztqfHkdjiKE6">5.39%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196878WithSaleLoadMember_zkkDkDV6iPV5">5.10%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196878WithSaleLoadMember_fMQ_____zbL4GxeS0yx">6.27%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderate Balanced Allocation Fund, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196878Member_zfOO7VSzBMC2">6.39%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196878Member_zfumhzvXNTHf">5.10%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90A_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196878Member_fMQ_____zyjaW4C0FpRj">6.27%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar Moderate Target Risk Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196878MorningstarModerateTargetRiskIndexMember_z20o6QyhRi5k">13.41%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196878MorningstarModerateTargetRiskIndexMember_zzdaVHqk1Fyd">5.85%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196878MorningstarModerateTargetRiskIndexMember_fMQ_____zw8Gzp3rlnhd">7.30%</span></span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify; width: 0.25in"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F04_zBKUdzOrwxB3">1</sup></i> </span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F16_zPYwiWoA9NCj">From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td></tr> </table> 0.0539 0.0510 0.0627 0.0639 0.0510 0.0627 0.1341 0.0585 0.0730 <p id="xdx_805_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196878Member_zChcvUJ4Ts0a" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif">$<span id="xdx_90E_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196878Member_zWQEXmKsOueb">2,626,573</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_904_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196878Member_zjeLOIil7Myi">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196878Member_z1w85SQnwhz6">11</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196878Member_zEXYnXKUlK28">14%</span></span></td></tr> </table> 2626573 0 11 0.14 <p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196878Member_zf7tNDQGWCwb" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="sbmcx_002.jpg" style="height: 275px; width: 350px"/></div> <div style="float: left; width: 48%"></div> 0.061 0.609 0.236 0.094 <p id="xdx_808_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196878Member_zMbK60SpNb4f" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196878Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zBUxySbaOkc5">21.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196878Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zeJMz2mMlpgf">17.70</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196878Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_zhOBu0MaNGbe">14.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196878Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_zVVUdgGoer4k">14.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196878Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zwRNmuxWt6Pe">9.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Eaton Vance Global Macro Absolute Return Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196878Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_zExwSOQHafD2">6.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Saratoga Small Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196878Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_z82NXayvTuWa">5.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Saratoga Technology &amp; Comm Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196878Member__oef--LargestHoldingAxis__custom--SaratogaTechnologyAndCommFundClassIMember_zhy2bVFE45jl">4.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Total International Stock Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196878Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_z83u7evPiSRe">3.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vanguard Short-Term Bond Index Fund, Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196878Member__oef--LargestHoldingAxis__custom--VanguardShortTermBondIndexFundAdmiralClassMember_zZUlG7lFm8i">2.60</span></td></tr> </table> <div style="float: none; clear: both; width: 100%">  </div> 0.2100 0.1770 0.1490 0.1410 0.0940 0.0610 0.0510 0.0400 0.0340 0.0260 <p id="xdx_809_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196878Member_z2jMW7uY8N82" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SBMIX Class I This <span id="xdx_903_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196879Member_zeCoNV7z0qW6">annual shareholder report</span> contains important information about the Saratoga Moderate Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_809_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196879Member_zmCrYFkQMPj" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196879Member_zNIWs1qhQh73">Saratoga Moderate Balanced Allocation Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90C_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196879Member_zWmcrkQ3ULtk">103</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196879Member_zhgjCwtZ1vlb">0.99%</span></span></td></tr> </table> Saratoga Moderate Balanced Allocation Fund 103 0.0099 <p id="xdx_800_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196879Member_zMQuKWC5th3f" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During the period, the Fund’s equity allocation was roughly in line with the benchmark’s, but the Fund held considerably less in international stocks, which hurt relative performance, as international stocks outperformed U.S. stocks. The Fund held less in bonds than the benchmark and more in cash equivalents and alternatives, which helped the Fund’s performance, as bonds trailed both cash equivalents and alternatives.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth, Saratoga Technology &amp; Communications, and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Health &amp; Biotechnology and Saratoga Mid Cap funds outperformed their passive counterparts, helping the Fund’s relative performance.</p></td></tr> </table> <p id="xdx_805_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196879Member_zCQwddu7Cg97" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted.</i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="sbmix_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2018 9427 9426 8/31/2019 11031 11219 8/31/2020 12117 12658 8/31/2021 13745 13948 8/31/2022 12320 11887 8/31/2023 13955 13459 8/31/2024 15541 14571 8/31/2025 17434 16895 8/31/2026 18196 18405 <p id="xdx_80A_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196879Member_zWfJnBA7O836" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderate Balanced Allocation Fund, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196879Member_zknVTCdw82c">7.51%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196879Member_zTCiJ6NGTdB8">6.18%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196879Member_fMQ_____zCZn3EpT0Z01">7.16%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar Moderate Target Risk Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196879MorningstarModerateTargetRiskIndexMember_z5SkmogKy72">13.41%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196879MorningstarModerateTargetRiskIndexMember_z8z8rKk6NF5g">5.85%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196879MorningstarModerateTargetRiskIndexMember_fMQ_____zVJeGmQa3AQ2">7.30%</span></span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify; width: 0.25in"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F04_zCA1gQBBXGvf">1</sup></i> </span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F1A_zIK0SzfdnLw1">From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td></tr> </table> 0.0751 0.0618 0.0716 0.1341 0.0585 0.0730 <p id="xdx_807_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196879Member_zTz3PUXQBs97" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif">$<span id="xdx_905_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196879Member_zns14FQ4LAgf">2,626,573</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_904_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196879Member_z0M6tCZex8td">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196879Member_zyqByygXbV0d">11</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196879Member_zquFWsi24v1f">14%</span></span></td></tr> </table> 2626573 0 11 0.14 <p id="xdx_80D_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196879Member_zcywqsBoduvb" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="sbmix_002.jpg" style="height: 275px; width: 350px"/></div> 0.061 0.609 0.236 0.094 <p id="xdx_808_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196879Member_z9v0LKgtwp61" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196879Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zXQpAkWvKEb1">21.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196879Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_z2NZHEAoCQla">17.70</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196879Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_zwWgcDIWBRX2">14.90</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196879Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_z1XA29nIGYY5">14.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196879Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zrKUugWQfu3d">9.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Eaton Vance Global Macro Absolute Return Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196879Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_z07OGMhVFU6e">6.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Saratoga Small Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196879Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_zGmuUlFbsHCe">5.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Saratoga Technology &amp; Comm Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196879Member__oef--LargestHoldingAxis__custom--SaratogaTechnologyAndCommFundClassIMember_zgRzJXnYPeVi">4.00</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Total International Stock Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196879Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zwfVbckD2vqd">3.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vanguard Short-Term Bond Index Fund, Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196879Member__oef--LargestHoldingAxis__custom--VanguardShortTermBondIndexFundAdmiralClassMember_zME39UsVEG2a">2.60</span></td></tr> </table> <div style="float: none; clear: both; width: 100%">  </div> 0.2100 0.1770 0.1490 0.1410 0.0940 0.0610 0.0510 0.0400 0.0340 0.0260 <p id="xdx_800_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196879Member_zgHwN0htLAsi" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SAMAX Class A This <span id="xdx_903_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196880Member_zEMooYmp6cjj">annual shareholder report</span> contains important information about the Saratoga Moderately Aggressive Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196880Member_zae8XxKi8LVh" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196880Member_zhI8fZJ3uKsf">Saratoga Moderately Aggressive Balanced Allocation Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90A_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196880Member_zLE1wZZcMmL7">129</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196880Member_zNX7k0OD6Bwf">1.24%</span></span></td></tr> </table> Saratoga Moderately Aggressive Balanced Allocation Fund 129 0.0124 <p id="xdx_80D_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196880Member_zHRWNJAnnCc1" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><p style="text-align: justify; margin-top: 0; margin-bottom: 0">During the period, an overweight to equities versus the benchmark helped the Fund’s relative performance, as stocks outperformed bonds, cash equivalents and alternatives. In addition, the Fund’s smaller allocation to bonds in favor of cash equivalents and alternatives helped relative Fund performance. However, the Fund was underweight in international stocks versus the benchmark, which hurt relative performance, as international stocks outperformed U.S. stocks.</p> <p style="text-align: justify; margin-top: 0; margin-bottom: 0"> </p> <p style="text-align: justify; margin-top: 0; margin-bottom: 0">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped the Fund’s relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</p> <p style="text-align: justify; margin-top: 0; margin-bottom: 0"> </p> <p style="text-align: justify; margin-top: 0; margin-bottom: 0">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth, Saratoga Technology &amp; Communications, and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Health &amp; Biotechnology and Saratoga Mid Cap funds outperformed their passive counterparts, helping the Fund’s relative performance.</p></td></tr> </table> <p id="xdx_805_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196880Member_z9yTdGKpd4Z4" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="samax_001.jpg" style="height: 230px; width: 770px"/></p> 8/31/2018 8691 9426 8/31/2019 10234 11219 8/31/2020 11166 12658 8/31/2021 12704 13948 8/31/2022 11340 11887 8/31/2023 12856 13459 8/31/2024 14303 14571 8/31/2025 16056 16895 8/31/2026 16834 18405 <p id="xdx_800_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196880Member_zWXJtBuRYlWj" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderately Aggressive Balanced Allocation Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196880WithSaleLoadMemberMember_zGefE9x80Bti">1.88%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196880WithSaleLoadMemberMember_zMhObHUN9Yuf">4.91%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196880WithSaleLoadMemberMember_fMQ_____z0okvat4qZ9">6.20%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Moderately Aggressive Balanced Allocation Fund, Class A</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196880Member_zHS4tJn5ovZ8">8.11%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196880Member_zkarRav07GO1">6.16%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196880Member_fMQ_____zJynNR7uOYx7">6.93%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Morningstar Moderate Target Risk Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196880MorningstarModerateTargetRiskIndexMember_zs89JObZg9qi">13.41%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196880MorningstarModerateTargetRiskIndexMember_z06AQuVnmyM2">5.85%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_900_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196880MorningstarModerateTargetRiskIndexMember_fMQ_____zrgXe8Gkjpg2">7.30%</span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F0D_zWZcvj9hh8s7">1</sup></i></span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F14_z8f3JwUYjbS2">From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td> </tr> </table> 0.0188 0.0491 0.0620 0.0811 0.0616 0.0693 0.1341 0.0585 0.0730 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196880Member_znTVoFLMERE2" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90D_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196880Member_z0ZXnFBatefi">1,290,837</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_905_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196880Member_zwMWa8GqWGGi">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196880Member_zroOGUNz9Lfb">11</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_908_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196880Member_zS66Q7Lcl9hl">19%</span></span></td></tr> </table> 1290837 0 11 0.19 <p id="xdx_805_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196880Member_zUH4eo3MS1k" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="samax_002.jpg" style="height: 276px; width: 350px"/></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> 0.050 0.649 0.211 0.090 <p id="xdx_80B_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196880Member_zjsbpvuvE9E9" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%">Vanguard Intermediate-Term Bond Index Fund Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196880Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zZOSK1s4hrp5">18.70</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Large Cap Growth Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_904_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196880Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zLjZrTiEObs9">16.80</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Large Cap Value Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196880Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_zn0Fw48T4sV5">14.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Mid Capitalization Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196880Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_zndSqc3xI4B">13.40</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Dreyfus Inst Prefer Govt Money Mkt Inst Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196880Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zDx6YU3IDcSc">9.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Small Capitalization Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196880Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_zk9qMWhnEyS6">7.90</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vanguard Total International Stock Index Fund, Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196880Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zgIvToLjda82">5.70</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Eaton Vance Global Macro Absolute Return Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196880Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_zocbWFFk0X64">5.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Technology &amp; Comm Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196880Member__oef--LargestHoldingAxis__custom--SaratogaTechnologyAndCommFundClassIMember_zrsQYmiSooZ4">5.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Health &amp; Biotech Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196880Member__oef--LargestHoldingAxis__custom--SaratogaHealthAndBiotechFundClassIMember_zvejHDGTB0da">2.60</span></td></tr> </table> <div style="float: none; clear: both; width: 100%">  </div> 0.1870 0.1680 0.1430 0.1340 0.0900 0.0790 0.0570 0.0500 0.0500 0.0260 <p id="xdx_807_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196880Member_zmjSszugsBmg" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SAMCX Class C This <span id="xdx_90F_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196881Member_zImrPKdUJ4Yh">annual shareholder report</span> contains important information about the Saratoga Moderately Aggressive Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_80C_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196881Member_zTp7Uug4J0z2" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196881Member_zn8jNfMnj5he">Saratoga Moderately Aggressive Balanced Allocation Fund</span>, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_903_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196881Member_zFHNAIrhG1Ml">206</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196881Member_zA7wt55JXTV3">1.99%</span></span></td></tr> </table> Saratoga Moderately Aggressive Balanced Allocation Fund 206 0.0199 <p id="xdx_80D_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196881Member_zTM5HYQnDSs1" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><p style="text-align: justify; margin-top: 0; margin-bottom: 0">During the period, an overweight to equities versus the benchmark helped the Fund’s relative performance, as stocks outperformed bonds, cash equivalents and alternatives. In addition, the Fund’s smaller allocation to bonds in favor of cash equivalents and alternatives helped relative Fund performance. However, the Fund was underweight in international stocks versus the benchmark, which hurt relative performance, as international stocks outperformed U.S. stocks.</p> <p style="text-align: justify; margin-top: 0; margin-bottom: 0"> </p> <p style="text-align: justify; margin-top: 0; margin-bottom: 0">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped the Fund’s relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</p> <p style="text-align: justify; margin-top: 0; margin-bottom: 0"> </p> <p style="text-align: justify; margin-top: 0; margin-bottom: 0">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth, Saratoga Technology &amp; Communications, and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Health &amp; Biotechnology and Saratoga Mid Cap funds outperformed their passive counterparts, helping the Fund’s relative performance.</p></td></tr> </table> <p id="xdx_804_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196881Member_zcDrKqA0ZDF9" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="samcx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2018 9221 9426 8/31/2019 10818 11219 8/31/2020 11711 12658 8/31/2021 13215 13948 8/31/2022 11703 11887 8/31/2023 13173 13459 8/31/2024 14549 14571 8/31/2025 16205 16895 8/31/2026 16903 18405 <p id="xdx_802_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196881Member_zGvvxhFaNkv6" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderately Aggressive Balanced Allocation Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196881WithSaleLoadMember_z8VhnN6kJRql">6.22%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196881WithSaleLoadMember_zruEYKDVUhr4">5.36%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196881WithSaleLoadMember_fMQ_____zMXw0sNWeGN6">6.25%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Moderately Aggressive Balanced Allocation Fund, Class C</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196881Member_zJ53Nl3T9VOf">7.22%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196881Member_zt8mP1CTBAhl">5.36%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196881Member_fMQ_____z1ZW9rHouF67">6.25%</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Morningstar Moderate Target Risk Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196881MorningstarModerateTargetRiskIndexMember_z0ytmZAMf2V7">13.41%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196881MorningstarModerateTargetRiskIndexMember_zlgbrJyzBzT7">5.85%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90F_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196881MorningstarModerateTargetRiskIndexMember_fMQ_____zg0BJieVaCa8">7.30%</span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F03_zsuLQdnEHGB9">1</sup></i></span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F1E_zKNzIgKGV5R3">From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td> </tr> </table> 0.0622 0.0536 0.0625 0.0722 0.0536 0.0625 0.1341 0.0585 0.0730 <p id="xdx_807_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196881Member_zZ6O5te1Hyi3" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_909_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196881Member_zuRPY1E7tud2">1,290,837</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_903_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196881Member_z4kEiG45i6pg">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_903_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196881Member_zx3X524jMRnb">11</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196881Member_z6JzleGDs10a">19%</span></span></td></tr> </table> 1290837 0 11 0.19 <p id="xdx_80F_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196881Member_zpumn8O8N0eh" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="samcx_002.jpg" style="height: 276px; width: 350px"/></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> 0.050 0.649 0.211 0.090 <p id="xdx_802_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196881Member_zcsnBQrT3WC3" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%">Vanguard Intermediate-Term Bond Index Fund Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196881Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zowOht8vrxHl">18.70</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Large Cap Growth Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196881Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zc0FsqEwyQp">16.80</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196881Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_zN5hMVI7zjZ2">14.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Mid Capitalization Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196881Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_zYzCLH0swOf1">13.40</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Dreyfus Inst Prefer Govt Money Mkt Inst Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196881Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zkOARTbTQ9y4">9.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Small Capitalization Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196881Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_zaKfGgt5IXig">7.90</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vanguard Total International Stock Index Fund, Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196881Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zIPnPbmcNx69">5.70</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Eaton Vance Global Macro Absolute Return Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196881Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_z3MjDZReTpcg">5.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Technology &amp; Comm Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196881Member__oef--LargestHoldingAxis__custom--SaratogaTechnologyAndCommFundClassIMember_zZf3IU6qZM73">5.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Health &amp; Biotech Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196881Member__oef--LargestHoldingAxis__custom--SaratogaHealthAndBiotechFundClassIMember_zwS5xCJWCQz9">2.60</span></td></tr> </table> <div style="float: none; clear: both; width: 100%"> </div> 0.1870 0.1680 0.1430 0.1340 0.0900 0.0790 0.0570 0.0500 0.0500 0.0260 <p id="xdx_806_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196881Member_znflLiMOseQi" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SAMIX Class I This <span id="xdx_903_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196882Member_z2oGxKlUgXQ3">annual shareholder report</span> contains important information about the Saratoga Moderately Aggressive Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_80F_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196882Member_zROi9MwIay0a" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196882Member_zug3mZH43r6">Saratoga Moderately Aggressive Balanced Allocation Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_909_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196882Member_zWHz6S8G0CGi">103</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196882Member_zlSCY1EYIEab">0.99%</span></span></td></tr> </table> Saratoga Moderately Aggressive Balanced Allocation Fund 103 0.0099 <p id="xdx_802_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196882Member_z9Y3fUxie9h2" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><p style="text-align: justify; margin-top: 0; margin-bottom: 0">During the period, an overweight to equities versus the benchmark helped the Fund’s relative performance, as stocks outperformed bonds, cash equivalents and alternatives. In addition, the Fund’s smaller allocation to bonds in favor of cash equivalents and alternatives helped relative Fund performance. However, the Fund was underweight in international stocks versus the benchmark, which hurt relative performance, as international stocks outperformed U.S. stocks.</p> <p style="text-align: justify; margin-top: 0; margin-bottom: 0"> </p> <p style="text-align: justify; margin-top: 0; margin-bottom: 0">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped the Fund’s relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</p> <p style="text-align: justify; margin-top: 0; margin-bottom: 0"> </p> <p style="text-align: justify; margin-top: 0; margin-bottom: 0">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth, Saratoga Technology &amp; Communications, and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Health &amp; Biotechnology and Saratoga Mid Cap funds outperformed their passive counterparts, helping the Fund’s relative performance.</p></td></tr> </table> <p id="xdx_800_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196882Member_zCeM1zuUGiv8" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="samix_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2018 9221 9426 8/31/2019 10869 11219 8/31/2020 11886 12658 8/31/2021 13550 13948 8/31/2022 12122 11887 8/31/2023 13776 13459 8/31/2024 15366 14571 8/31/2025 17291 16895 8/31/2026 18167 18405 <p id="xdx_80C_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196882Member_zPOW2Dd8hCQl" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderately Aggressive Balanced Allocation Fund, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196882Member_zlo5mA7YW1B3">8.39%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196882Member_zDPXM3Vh2oAi">6.42%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196882Member_fMQ_____zPCYC6iC0Ytk">7.14%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Morningstar Moderate Target Risk Index</td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196882MorningstarModerateTargetRiskIndexMember_zdtU5upfbKl5">13.41%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196882MorningstarModerateTargetRiskIndexMember_zvdIVjnLWdkd">5.85%</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196882MorningstarModerateTargetRiskIndexMember_fMQ_____zKQ5dxX3In4h">7.30%</span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F0F_ziQ9nOqkV1S3">1</sup></i></span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F10_znye6PDT5U0b">From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td> </tr> </table> 0.0839 0.0642 0.0714 0.1341 0.0585 0.0730 <p id="xdx_80A_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196882Member_z73pQcFZn8B" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90E_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196882Member_zpvBm6yIU7P5">1,290,837</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_900_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196882Member_zYN3kEQJnXe2">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196882Member_zC6PeJ7czeQ8">11</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196882Member_zryD1pdSLdV2">19%</span></span></td></tr> </table> 1290837 0 11 0.19 <p id="xdx_807_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196882Member_zGgZ4uplliw4" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="samix_002.jpg" style="height: 276px; width: 350px"/></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 11pt Aptos Narrow; width: 100%; border-collapse: collapse"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; width: 63%">Sector</td> <td style="display: none; width: 37%">Sector Exposure</td></tr> <tr style="display: none; vertical-align: bottom"> <td style="display: none">Alternative Funds</td> <td style="display: none; text-align: right"><span id="xdx_90E_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__custom--AlternativeFundsMember_zPhE51Xfsng7" style="display: none">5.0%</span></td></tr> <tr style="display: none; vertical-align: bottom"> <td style="display: none">Equity Funds</td> <td style="display: none; text-align: right"><span id="xdx_905_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__us-gaap--EquityFundsMember_z8Vv73onh5J1" style="display: none">64.9%</span></td></tr> <tr style="display: none; vertical-align: bottom"> <td style="display: none">Fixed Income Funds</td> <td style="display: none; text-align: right"><span id="xdx_90D_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__us-gaap--FixedIncomeFundsMember_zBF1hVDCjJ9l" style="display: none">21.1%</span></td></tr> <tr style="display: none; vertical-align: bottom"> <td style="display: none">Money Market Funds &amp; Other</td> <td style="display: none; text-align: right"><span id="xdx_903_eoef--PctOfTotalInv_iI_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__custom--MoneyMarketFundsAndOtherMember_z460dAJSuFm" style="display: none">9.0%</span></td></tr> </table> </div> <p style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> 0.050 0.649 0.211 0.090 <p id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196882Member_zhET4UeBaIH1" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zTxKCRWfPPw3">18.70</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zM3AAQvWkuP">16.80</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_zsyLXEAjbiif">14.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Mid Capitalization Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_zmX69BuxYVg4">13.40</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Dreyfus Inst Prefer Govt Money Mkt Inst Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zYWmrUvyq0W4">9.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Small Capitalization Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_zvyBn0b4vly3">7.90</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Vanguard Total International Stock Index Fund, Admiral Class</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zwQJo3lB4uPc">5.70</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Eaton Vance Global Macro Absolute Return Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_zvkyrxH4yxl3">5.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Technology &amp; Comm Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__custom--SaratogaTechnologyAndCommFundClassIMember_zuKexY0PxXJ5">5.00</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Health &amp; Biotech Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196882Member__oef--LargestHoldingAxis__custom--SaratogaHealthAndBiotechFundClassIMember_zoTl7HgFM2Xb">2.60</span></td></tr> </table> <div style="float: none; clear: both; width: 100%">  </div> 0.1870 0.1680 0.1430 0.1340 0.0900 0.0790 0.0570 0.0500 0.0500 0.0260 <p id="xdx_809_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196882Member_zTv7z8Tm8Dpc" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SMACX Class A This <span id="xdx_90E_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196883Member_z0XMYdwWOXE3">annual shareholder report</span> contains important information about the Saratoga Moderately Conservative Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196883Member_zgnre58kFLc8" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196883Member_z7WLJ3OOOyX2">Saratoga Moderately Conservative Balanced Allocation Fund</span>, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90C_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196883Member_zny5Qj1kRN9c">128</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90D_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196883Member_ztCEF9h4s4Jh">1.24%</span></span></td></tr> </table> Saratoga Moderately Conservative Balanced Allocation Fund 128 0.0124 <p id="xdx_806_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196883Member_zaTKVzsJHlV8" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">During the period, the Fund held modestly less in equities and considerably less in international stocks than the benchmark, and both positions detracted from relative performance, as stocks outperformed bonds and international stocks outperformed U.S. stocks. The Fund’s smaller allocation to bonds versus the benchmark, in favor of cash equivalents and alternatives, helped the Fund’s relative performance, as bonds trailed both cash equivalents and alternatives.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Mid Cap fund outperformed its passive counterpart, helping the Fund’s relative performance.</p></td></tr> </table> <p id="xdx_80C_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196883Member_zDwm8Qrhkuxi" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><img alt="" src="smacx_001.jpg" style="height: 230px; width: 770px"/><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></span></p> 8/31/2018 8729 9395 8/31/2019 10178 11182 8/31/2020 11117 12616 8/31/2021 12422 13902 8/31/2022 11204 11848 8/31/2023 12640 13414 8/31/2024 14034 14523 8/31/2025 15717 16839 8/31/2026 16360 18344 <p id="xdx_808_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196883Member_zDACZpfZMKii" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderately Conservative Balanced Allocation Fund, Class A (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196883WithSaleLoadMember_zqTweoQJvtaf">0.94%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196883WithSaleLoadMember_zFFftSYDrU7d">4.77%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196883WithSaleLoadMember_fMQ_____z6FnIV5tQIck">5.86%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderately Conservative Balanced Allocation Fund, Class A</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196883Member_zOJ6C3Lx6rC5">7.06%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196883Member_zaK89JzUkbck">6.01%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196883Member_fMQ_____zpiHMESsfA5h">6.59%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar Moderate Target Risk Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90B_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196883MorningstarModerateTargetRiskIndexMember_zTk9Gdy63Uxa">13.41%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196883MorningstarModerateTargetRiskIndexMember_zq9cuIz6dLNg">5.85%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196883MorningstarModerateTargetRiskIndexMember_fMQ_____zAdOL1m4Oln9">7.28%</span></span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify; width: 0.25in"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F09_zm8cGmBWNoy2">1</sup></i> </span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F13_zbs5CpAEsVC4">From January 10, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td></tr> </table> 0.0094 0.0477 0.0586 0.0706 0.0601 0.0659 0.1341 0.0585 0.0728 <p id="xdx_800_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196883Member_zNXX9cCrsso4" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif">$<span id="xdx_90D_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196883Member_zlssCArzHP1b">951,312</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90E_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196883Member_zhbI2QnTJ0vh">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196883Member_z7f0dKW0qiFg">9</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_908_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196883Member_z1DeHkiZ9dg6">12%</span></span></td></tr> </table> 951312 0 9 0.12 <p id="xdx_804_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196883Member_zgM50As5hIii" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="smacx_002.jpg" style="height: 275px; width: 350px"/></div> 0.071 0.546 0.279 0.104 <p id="xdx_803_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196883Member_zC4MTT428dm7" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196883Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_z5pWR1oXHe1l">25.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196883Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zAP2dlPrcau3">16.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90C_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196883Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_zkBMKmCVbhNc">13.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196883Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_zC1Ox3QWf9Ea">13.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_907_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196883Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zomIhEmxedFk">10.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">Saratoga Small Capitalization Fund, Class I</td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span id="xdx_903_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196883Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_z6SLMwySg8g">7.10</span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Eaton Vance Global Macro Absolute Return Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196883Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_zwYYEGx4WD1c">7.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vanguard Total International Stock Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_909_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196883Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zglxvQ26cHCb">5.20</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vanguard Short-Term Bond Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196883Member__oef--LargestHoldingAxis__custom--VanguardShortTermBondIndexFundAdmiralClassMember_zZ4fZbYCTDEf">2.80</span></span></td></tr> </table> <div style="float: none; clear: both; width: 100%">  </div> 0.2510 0.1610 0.1360 0.1330 0.1040 0.0710 0.0710 0.0520 0.0280 <p id="xdx_80E_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196883Member_zOP6HmqYt2u2" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SBCCX Class C This <span id="xdx_903_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196884Member_zinjV2kRyyja">annual shareholder report</span> contains important information about the Saratoga Moderately Conservative Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_805_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196884Member_zjsLlIIh9yJh" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90F_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196884Member_zIEYWE63IPq3">Saratoga Moderately Conservative Balanced Allocation Fund</span>, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_902_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196884Member_zLa1jIYJzuH9">205</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90A_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196884Member_ztlCk9zxjZG7">1.99%</span></span></td></tr> </table> Saratoga Moderately Conservative Balanced Allocation Fund 205 0.0199 <p id="xdx_80C_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196884Member_z9GbqFvNU3A8" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">During the period, the Fund held modestly less in equities and considerably less in international stocks than the benchmark, and both positions detracted from relative performance, as stocks outperformed bonds and international stocks outperformed U.S. stocks. The Fund’s smaller allocation to bonds versus the benchmark, in favor of cash equivalents and alternatives, helped the Fund’s relative performance, as bonds trailed both cash equivalents and alternatives.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Mid Cap fund outperformed its passive counterpart, helping the Fund’s relative performance.</p></td></tr> </table> <p id="xdx_809_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196884Member_zWz0LkNh4Fmj" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="sbccx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2018 9261 9395 8/31/2019 10748 11182 8/31/2020 11611 12616 8/31/2021 12841 13902 8/31/2022 11471 11848 8/31/2023 12821 13414 8/31/2024 14088 14523 8/31/2025 15610 16839 8/31/2026 16151 18344 <p id="xdx_802_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196884Member_ztUPCxZNw4J2" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderately Conservative Balanced Allocation Fund, Class C (with load)</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_908_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196884WithSaleLoadMember_zTaJQgzw4G3a">5.06%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196884WithSaleLoadMember_zA9TcrfKMeZa">4.96%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_902_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196884WithSaleLoadMember_fMQ_____zOU0Dl7yyO2l">5.71%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderately Conservative Balanced Allocation Fund, Class C</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90C_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196884Member_zbskp6sKYJS8">6.06%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196884Member_zw29N219w3Xl">4.96%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196884Member_fMQ_____z9jHJFenKiGg">5.71%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar Moderate Target Risk Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196884MorningstarModerateTargetRiskIndexMember_zJFCqISeqxaj">13.41%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_904_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196884MorningstarModerateTargetRiskIndexMember_zGQDX1FEf6yc">5.85%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_907_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196884MorningstarModerateTargetRiskIndexMember_fMQ_____zSv6DQ8hu5H1">7.28%</span></span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify; width: 0.25in"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F05_zh3KoGaZ6eZe">1</sup></i> </span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F12_zFtaGpgZs3H4">From January 10, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td></tr> </table> 0.0506 0.0496 0.0571 0.0606 0.0496 0.0571 0.1341 0.0585 0.0728 <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196884Member_zo8q7m9xr1l7" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif">$<span id="xdx_903_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196884Member_zIPWOBb7BaC9">951,312</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90D_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196884Member_zDcRRZXgUDod">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196884Member_zVYQFgKseeR9">9</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90A_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196884Member_zbZoiqb7PP83">12%</span></span></td></tr> </table> 951312 0 9 0.12 <p id="xdx_807_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196884Member_ztC0Oss5vZFg" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="sbccx_002.jpg" style="height: 276px; width: 350px"/></div> 0.071 0.546 0.279 0.104 <p id="xdx_80D_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196884Member_zc73KLYzM594" style="margin-top: 0; margin-bottom: 0"><span style="font-size: 0pt"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_908_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196884Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zMYzmM0MWAjb">25.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_900_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196884Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zE07I6Dfa3Tk">16.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90F_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196884Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_zgvikOqZcdmi">13.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196884Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_zU75uZOfr8N9">13.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196884Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zpD1zKBoyu9">10.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Saratoga Small Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90B_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196884Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_zPtbFLaMiyk7">7.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Eaton Vance Global Macro Absolute Return Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196884Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_zp6ALBY1ZOK9">7.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vanguard Total International Stock Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196884Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_zVCIMmeFjgtb">5.20</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vanguard Short-Term Bond Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90D_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196884Member__oef--LargestHoldingAxis__custom--VanguardShortTermBondIndexFundAdmiralClassMember_zVkB39I4lRna">2.80</span></span></td></tr> </table> <div style="float: none; clear: both; width: 100%">  </div> 0.2510 0.1610 0.1360 0.1330 0.1040 0.0710 0.0710 0.0520 0.0280 <p id="xdx_80E_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196884Member_ziBaOAZKFqc6" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> 2026-08-31 SMICX Class I This <span id="xdx_900_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260831__oef--ClassAxis__custom--C000196885Member_z0NUMHCuBWkb">annual shareholder report</span> contains important information about the Saratoga Moderately Conservative Balanced Allocation Fund for the period 9/1/2025 through 8/31/2026, as well as certain changes to the Fund, if applicable. annual shareholder report You can find additional information about the Fund www.saratogacap.com 1-888-672-4839 <p id="xdx_800_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000196885Member_zg5NnFtGQes9" style="margin-top: 0; margin-bottom: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="3" style="border: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What were the Fund’s costs for the last year (based on a hypothetical $10,000 investment)?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 60%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Fund</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs of a $10,000 Investment</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 20%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Costs paid as a % of a $10,000 Investment</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_900_eoef--FundName_c20250901__20260831__oef--ClassAxis__custom--C000196885Member_zKL0wDuZxoeg">Saratoga Moderately Conservative Balanced Allocation Fund</span>, Class I</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$<span id="xdx_90D_eoef--ExpensesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196885Member_zhAMOJsIyyui">102</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_901_eoef--ExpenseRatioPct_c20250901__20260831__oef--ClassAxis__custom--C000196885Member_zs6FZ1a6Ry2l">0.99%</span></span></td></tr> </table> Saratoga Moderately Conservative Balanced Allocation Fund 102 0.0099 <p id="xdx_80C_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000196885Member_zxIN2BzsxIif" style="margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: rgb(5,2,104) 1pt solid; border-left: rgb(5,2,104) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What affected the Fund’s performance during this period?</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-top: rgb(5,2,104) 1pt solid; border-right: #000066 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">During the period, the Fund held modestly less in equities and considerably less in international stocks than the benchmark, and both positions detracted from relative performance, as stocks outperformed bonds and international stocks outperformed U.S. stocks. The Fund’s smaller allocation to bonds versus the benchmark, in favor of cash equivalents and alternatives, helped the Fund’s relative performance, as bonds trailed both cash equivalents and alternatives.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Within the Fund’s equity allocation, an overweight to the Large Cap Growth sector versus the Large Cap Value sector helped relative performance, as the Large Cap Growth sector outperformed the Large Cap Value sector. Within the Fund’s bond allocation, the Fund sold its position in the Long-Term debt sector and added a position in the Short-Term debt sector, which helped performance, as the Short-Term debt sector outperformed the Intermediate- and Long-Term debt sectors. The Fund’s overweight to the Intermediate-Term debt sector versus the Short-Term debt sector was a drag on relative performance.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From a security-selection standpoint, the Fund’s use of the Saratoga Large Cap Value fund was the largest drag on relative performance, as it significantly underperformed its passive counterpart. The Saratoga Large Cap Growth and Saratoga Small Cap funds also underperformed their passive counterparts, which hurt relative performance. The Fund’s use of the Vanguard Intermediate-Term Bond Index Fund was also a drag on performance, as it trailed its active counterparts. The Saratoga Mid Cap fund outperformed its passive counterpart, helping the Fund’s relative performance.</p></td></tr> </table> <p id="xdx_80F_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000196885Member_zReWExBDKYJg" style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <p style="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D">How has the Fund performed since its inception?</span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><i>The chart below represents the historical performance of a hypothetical $10,000 investment since inception in the class of shares noted and assumes the reinvestment of dividends and capital gains and the maximum sales charge, if any. Fund expenses, including management fees, 12b-1 fees, if any, and other expenses were deducted. </i></span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><img alt="" src="smicx_001.jpg" style="height: 230px; width: 770px"/></span></p> 8/31/2018 9261 9395 8/31/2019 10799 11182 8/31/2020 11795 12616 8/31/2021 13183 13902 8/31/2022 11890 11848 8/31/2023 13414 13414 8/31/2024 14893 14523 8/31/2025 16679 16839 8/31/2026 17361 18344 <p id="xdx_807_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000196885Member_z8uFsWhV2Sw7" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: #F2F2F2"> <td colspan="4" style="border-top: rgb(0,0,102) 1pt solid; border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(5,2,104) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #050268"><b>Average Annual Total Returns</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 55%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"> </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1 Year</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>5 Years</b></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>Since Inception¹</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Saratoga Moderately Conservative Balanced Allocation Fund, Class I </span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_906_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--ClassAxis__custom--C000196885Member_z9RwoUEl9Cu2">7.06%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_903_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--ClassAxis__custom--C000196885Member_zavCMh0GODZh">6.01%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_90E_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--ClassAxis__custom--C000196885Member_fMQ_____znIPtImiD1Lh">6.59%</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; border-left: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Morningstar Moderate Target Risk Index</span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20250901__20260831__oef--BroadBasedIndexAxis__custom--C000196885MorningstarModerateTargetRiskIndexMember_zEXZe03LVvwe">13.41%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_905_eoef--AvgAnnlRtrPct_c20210901__20260831__oef--BroadBasedIndexAxis__custom--C000196885MorningstarModerateTargetRiskIndexMember_zcS7qQql3l6k">5.85%</span></span></td> <td style="border-right: #000066 1pt solid; border-bottom: #000066 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><span id="xdx_909_eoef--AvgAnnlRtrPct_c20180104__20260831__oef--BroadBasedIndexAxis__custom--C000196885MorningstarModerateTargetRiskIndexMember_fMQ_____zvWWJSQhx2A7">7.28%</span></span></td></tr> </table> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify; width: 0.25in"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i><sup id="xdx_F0B_zICSqdIu7ei7">1</sup></i> </span></td> <td style="text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><i id="xdx_F16_zChW8ZwfurKe">From January 10, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.</i></span></td></tr> </table> 0.0706 0.0601 0.0659 0.1341 0.0585 0.0728 <p id="xdx_80D_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000196885Member_zuvnOk2YrnA6" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="4" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Fund Statistics</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Total Net Assets</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif">$<span id="xdx_90D_eus-gaap--AssetsNet_iI_c20260831__oef--ClassAxis__custom--C000196885Member_zstWHTF1mCi2">951,312</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 35%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Advisory Fees Paid by the Fund</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; width: 15%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$<span id="xdx_90B_eoef--AdvisoryFeesPaidAmt_c20250901__20260831__oef--ClassAxis__custom--C000196885Member_zwBY4Ws29ehc">0</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Number of Portfolio Holdings</b></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--HoldingsCount_iI_uInteger_c20260831__oef--ClassAxis__custom--C000196885Member_zW7WxVdW4os4">9</span></span></td> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><b>Portfolio Turnover Rate</b></span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_90F_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260831__oef--ClassAxis__custom--C000196885Member_zU4Ow8DRjU3i">12%</span></span></td></tr> </table> 951312 0 9 0.12 <p id="xdx_80F_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000196885Member_zIxucArOrKIa" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #00004C; margin-top: 0pt; margin-bottom: 3pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>What did the Fund invest in (as a % of the Fund’s net assets)?</b></span></p> <div style="float: left; width: 48%"> <img alt="" src="smicx_002.jpg" style="height: 276px; width: 350px"/></div> 0.071 0.546 0.279 0.104 <p id="xdx_80A_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000196885Member_zKwHwL7OMYhd" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td colspan="2" style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Top Holdings (%)</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vanguard Intermediate-Term Bond Index Fund Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196885Member__oef--LargestHoldingAxis__custom--VanguardIntermediateTermBondIndexFundAdmiralClassMember_zWD2vVO6WpZi">25.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left; width: 88%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Growth Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; width: 12%"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90C_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196885Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapGrowthFundClassIMember_zeEYgTp2LyDe">16.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Large Cap Value Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_905_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196885Member__oef--LargestHoldingAxis__custom--SaratogaLargeCapValueFundClassIMember_zmQ7gxuPKPXk">13.60</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Saratoga Mid Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_901_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196885Member__oef--LargestHoldingAxis__custom--SaratogaMidCapitalizationFundClassIMember_z4N4xq1jlOT">13.30</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Dreyfus Inst Prefer Govt Money Mkt Inst Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196885Member__oef--LargestHoldingAxis__custom--DreyfusInstPreferGovtMoneyMktInstClassMember_zmDunvvSmOd">10.40</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Saratoga Small Capitalization Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_902_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196885Member__oef--LargestHoldingAxis__custom--SaratogaSmallCapitalizationFundClassIMember_z2YCh6vAkFk">7.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Eaton Vance Global Macro Absolute Return Fund, Class I</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90E_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196885Member__oef--LargestHoldingAxis__custom--EatonVanceGlobalMacroAbsoluteReturnFundClassIMember_zfSOEsKlglrg">7.10</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vanguard Total International Stock Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_906_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196885Member__oef--LargestHoldingAxis__custom--VanguardTotalInternationalStockIndexFundAdmiralClassMember_z51WicydSSJb">5.20</span></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><span style="font-family: Arial, Helvetica, Sans-Serif">Vanguard Short-Term Bond Index Fund, Admiral Class</span></td> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><span id="xdx_90A_eoef--PctOfNav_iI_dp_c20260831__oef--ClassAxis__custom--C000196885Member__oef--LargestHoldingAxis__custom--VanguardShortTermBondIndexFundAdmiralClassMember_zpPTtsWAWb2j">2.80</span></span></td></tr> </table> <div style="float: none; clear: both; width: 100%">  </div> 0.2510 0.1610 0.1360 0.1330 0.1040 0.0710 0.0710 0.0520 0.0280 <p id="xdx_80A_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000196885Member_zoAHN5Ec23B9" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></span></p> <table cellpadding="3" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; background-color: rgb(242,242,242)"> <td style="border: rgb(0,0,102) 1pt solid; font: normal 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 100%; color: #00004C"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; color: #03014D"><b>Material Fund changes during the period.</b></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><i>Below is a summary of certain changes, and planned changes, to the Fund during the reporting period. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2026, at www.saratogacap.com/fund-reports or upon request at 1-888-672-4839.</i></span></td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-right: rgb(0,0,102) 1pt solid; border-bottom: rgb(0,0,102) 1pt solid; border-left: rgb(0,0,102) 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During the period there were no material changes to the Fund.</span></td></tr> </table> From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 4, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 10, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 10, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions. From January 10, 2018. Performance data quoted represents past performance, which is not a good predictor of the Fund’s future performance. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. Current performance may be lower or higher than the performance data quoted. The average annual total return is the annual compound return for the indicated period and reflects the change in share price and the reinvestment of all dividends and capital gains. Call 1-888-672-4839 for current performance information or questions.