0001752724-19-161948.txt : 20191114 0001752724-19-161948.hdr.sgml : 20191114 20191114123015 ACCESSION NUMBER: 0001752724-19-161948 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190831 FILED AS OF DATE: 20191114 DATE AS OF CHANGE: 20191114 EFFECTIVENESS DATE: 20191114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SARATOGA ADVANTAGE TRUST CENTRAL INDEX KEY: 0000924628 IRS NUMBER: 137044280 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-08542 FILM NUMBER: 191218263 BUSINESS ADDRESS: STREET 1: 1616 N LITCHFIELD RD. STREET 2: SUITE 165 CITY: GOODYEAR STATE: AZ ZIP: 85395 BUSINESS PHONE: 623-266-4567 MAIL ADDRESS: STREET 1: 1616 N LITCHFIELD RD. 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HPFHU0OQ28E4N0NFVK49 N N N/A 0.00000000 0.00000000 Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N Saratoga Capital Management, LLC 801-46534 000112021 N/A N Gemini Fund Services, LLC 84-06083 N/A N N N ICE Data Services N/A N N BNY Mellon Corp. 4EP6JBYBTPTQ47LZOB67 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Gemini Fund Services, LLC 84-06083 Filing Number N N N Gemini Fund Services, LLC 84-06083 Filing Number N N N BNY Mellon 8-51710 000047268 4EP6JBYBTPTQ47LZOB67 10.11999999 10.12000000 BNY Mellon 8-51710 000047268 4EP6JBYBTPTQ47LZOB67 40000.00000000 40000.00000000 N 767575.98000000 N N N N true INTERNAL CONTROL RPT 2 saratoga.ncen.txt SARATOGA IC LETTER REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Shareholders and Board of Trustees Saratoga Advantage Trust In planning and performing our audits of the financial statements of the U.S. Government Money Market Portfolio, Investment Quality Bond Portfolio, Municipal Bond Portfolio, Large Capitalization Value Portfolio, Large Capitalization Growth Portfolio, Mid Capitalization Portfolio, Small Capitalization Portfolio, International Equity Portfolio, Health and Biotechnology Portfolio, Technology and Communications Portfolio, Financial Services Portfolio, Energy and Basic Materials Portfolio, James Alpha Macro Portfolio, James Alpha Global Real Estate Investments Portfolio, James Alpha Multi Strategy Alternative Income Portfolio, James Alpha Managed Risk Domestic Equity Portfolio, James Alpha Managed Risk Emerging Markets Equity Portfolio, James Alpha Hedged High Income Portfolio, Aggressive Balanced Allocation Portfolio, Conservative Balanced Allocation Portfolio, Moderate Balanced Allocation Portfolio, Moderately Aggressive Balanced Allocation Portfolio, Moderately Conservative Balanced Allocation Portfolio and James Alpha Momentum Portfolio (the Funds), as of and for the year ended August 31, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds internal control over financial reporting. Accordingly, we express no such opinion. The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A companys internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A companys internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a companys assets that could have a material effect on the financial statements. Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the companys annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Funds internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of August 31, 2019. This report is intended solely for the information and use of management, the Board of Trustees of the Saratoga Advantage Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /S/ TAIT, WELLER & BAKER LLP Philadelphia, Pennsylvania October 30, 2019