SPMAX – Saratoga Mid Capitalization A Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation. The Portfolio will normally invest at least 80% of its total assets in equity securities of companies whose stock market capitalizations fall within the range of the capitalizations in the Russell Midcap® Index at the time of purchase. Equity securities include common stocks, preferred stocks, securities convertible into common stocks and warrants. It invests in securities of companies that are believed by the Adviser to be undervalued, thereby offering above-average potential for capital appreciation.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SMIPX	Saratoga Mid Capitalization Portfolio Fund Class Institutional	Institutional	Open			Jan 7, 2003	$8.85M	2.220%	High	$250	−$1.25M
SPMAX	Saratoga Mid Capitalization Portfolio Fund Class A	Front Load	Open			Jun 28, 2002	$1.50M	2.650%	High	$2,500	−$44,018.36
SPMCX	Saratoga Mid Capitalization Portfolio Fund Class C	Level Load	Open			Jun 28, 2002	$46,993.00	3.100%	High	$2,500	$15,992.40

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