Saratoga Capital Management,

Saratoga Capital Management, LLC and the Saratoga Advantage Trust were established in 1994 with the goal of bringing institutional investment styles within reach of retail investors. Saratoga Capital is a Securities and Exchange Commission registered investment advisor specializing in asset allocation strategies and the evaluation of institutional money managers. Saratoga is a Delaware limited liability company that was founded on May 10, 1994. The firm is headquartered in Phoenix, Arizona. The senior executives of Saratoga have extensive experience in a broad array of financial arenas. Saratoga currently provides its asset allocation and institutional money management services to investment firms located across the United States. Saratoga delivers its services through the mutual fund family that it manages, The Saratoga Advantage Trust. The Saratoga Advantage Trust is a group of institutionally managed mutual funds. The Trust was established in September 1994 and is designed to give investors the same advantages and access to professional money managers that larger investors have enjoyed for years. The institutional money managers who manage the Saratoga Advantage Trust mutual funds typically have minimum account size requirements ranging from $1 million to $25 million. Investors have the opportunity to utilize the Saratoga Advantage Trust’s style-specific, institutionally managed mutual funds without potentially prohibitive account minimums. To learn more about the Saratoga Advantage Trust, please visit us at www.saratogacap.com.