Saratoga Conservative Balanced Allc I (LUNAX)

Fund Assets	3.33M
Expense Ratio	1.75%
Min. Investment	$2,500
Turnover	22.00%
Dividend (ttm)	1.05
Dividend Yield	9.10%
Dividend Growth	168.66%
Payout Frequency	Annual
Ex-Dividend Date	Dec 10, 2025

Previous Close	11.60
YTD Return	3.20%
1-Year Return	6.03%
5-Year Return	27.75%
52-Week Low	10.84
52-Week High	12.32
Beta (5Y)	0.49
Holdings	10
Inception Date	Dec 29, 2017

About LUNAX

Saratoga Advantage Trust: Conservative Balanced Allocation Portfolio Class I Shares is a mutual fund designed to provide a balanced approach to growth and income. The fund follows a 'fund of funds' strategy, investing primarily in other Saratoga Advantage Trust mutual funds to achieve its objectives. Its asset allocation is dynamically managed: typically, 40%-60% of assets are directed to core equity holdings, 8.5%-18.5% to fixed income instruments, 17.5%-32.5% to money market vehicles, and 6.5%-16.5% to alternative investments. This multi-asset strategy aims for total return through both capital appreciation and income generation, appealing to investors seeking moderate risk with a diversified portfolio. The portfolio adapts its allocations as economic conditions change, leveraging Saratoga Capital Management’s research-driven dynamic asset allocation methodology. It features annual dividend distributions and is intended for investors who want exposure to a blend of equities, fixed income, and alternative assets, all professionally managed within a single vehicle. Since its inception in December 2017, the fund has offered a conservative allocation model geared toward steady, long-term growth and income.

• Fund Family: Saratoga
• Category: Allocation--30% to 50% Equity
• Performance Rating: Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: LUNAX
• Share Class: Class I
• Index: Index is not available on Lipper Database

Performance

LUNAX had a total return of 6.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.57%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VTMFX	Vanguard	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%
VSCGX	Vanguard	Vanguard LifeStrategy 40/60 Fund Investor Shares	0.10%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SCAAX	Class A	2.00%
SUMCX	Class C	2.75%

Top Holdings

Name	Symbol	Weight
Vanguard Intermediate-Term Bond Index Fund Admiral Shares	VBILX	31.61%
BNY Dreyfus Instl Pref Govt MMkt Instl	DSVXX	14.34%
Saratoga Large Capitalization Growth Portfolio Fund Class Institutional	SLCGX	14.09%
Saratoga Large Capitalization Value Fund Class Institutional	SLCVX	12.46%
Saratoga Mid Capitalization Portfolio Fund Class Institutional	SMIPX	12.37%
Eaton Vance Global Macro Absolute Return Fund Class I	EIGMX	7.89%
Saratoga Small Capitalization Portfolio Fund Class Institutional	SSCPX	2.81%
Vanguard Short-Term Bond Index Fund Admiral Shares	VBIRX	2.73%
Vanguard Total International Stock Index Fund Admiral Shares	VTIAX	1.67%
Us Dollars	n/a	0.03%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 10, 2025	$1.0526	Dec 11, 2025
Dec 13, 2024	$0.3918	Dec 16, 2024
Dec 13, 2023	$0.2673	Dec 14, 2023
Dec 14, 2022	$0.4837	Dec 15, 2022
Dec 15, 2021	$0.8832	Dec 15, 2021
Dec 16, 2020	$0.0504	Dec 16, 2020

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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