Saratoga Financial Service A (SFPAX)

Fund Assets	1.26M
Expense Ratio	4.23%
Min. Investment	$250
Turnover	32.00%
Dividend (ttm)	0.61
Dividend Yield	5.12%
Dividend Growth	39.40%
Payout Frequency	Annual
Ex-Dividend Date	Dec 10, 2024

Previous Close	10.99
YTD Return	7.39%
1-Year Return	18.50%
5-Year Return	98.63%
52-Week Low	9.03
52-Week High	11.63
Beta (5Y)	1.00
Holdings	52
Inception Date	Aug 1, 2000

About SFPAX

Saratoga Financial Services Portfolio Fund Class A is a mutual fund that primarily targets equity securities issued by companies within the financial services sector. The fund seeks to allocate at least 80% of its assets to U.S. and foreign financial services firms, encompassing banks, insurance companies, asset managers, and diversified financial corporations. Its portfolio is relatively concentrated, with the top 10 holdings accounting for approximately 43% of total assets, highlighting a focus on large, established institutions such as Berkshire Hathaway, JPMorgan Chase, and Mastercard. The investment approach emphasizes large value stocks, combining both growth and value opportunities through fundamental and quantitative analysis. The fund is classified with a higher expense ratio compared to peers, reflecting elevated management and distribution fees. Saratoga Financial Services Portfolio Fund Class A plays a niche role in the market by offering focused exposure to the financial sector, catering to investors seeking to concentrate their holdings within this industry. The fund is open to investors and generally appeals to those aiming to participate in the performance of major financial sector firms.

• Fund Family: Saratoga
• Category: Financial
• Stock Exchange: NASDAQ
• Ticker Symbol: SFPAX
• Share Class: Class A
• Index: S&P 500 TR

Performance

SFPAX had a total return of 18.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.39%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
FFSIX	Fidelity	Fidelity Advisor Financials I	0.77%
FSRBX	Fidelity	Fidelity Select Banking	0.71%
FSPCX	Fidelity	Fidelity Select Insurance Port	0.69%
FIKBX	Fidelity	Fidelity Advisor Financials Z	0.64%
FSVLX	Fidelity	Fidelity Select Fintech Port	0.75%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
SFPIX	Class I	3.88%
SFPCX	Class C	4.88%

Top 10 Holdings

43.50% of assets

Name	Symbol	Weight
Berkshire Hathaway Inc.	BRK.B	9.45%
JPMorgan Chase & Co.	JPM	4.73%
Visa Inc.	V	4.26%
Mastercard Incorporated	MA	4.14%
Bank of America Corporation	BAC	4.12%
Wells Fargo & Company	WFC	3.65%
Chubb Limited	CB	3.52%
CME Group Inc.	CME	3.40%
Aflac Incorporated	AFL	3.19%
Ameriprise Financial, Inc.	AMP	3.02%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 10, 2024	$0.6078	Dec 11, 2024
Dec 8, 2023	$0.436	Dec 11, 2023
Dec 9, 2022	$0.4686	Dec 12, 2022
Dec 10, 2021	$0.5097	Dec 13, 2021
Dec 11, 2020	$0.3396	Dec 11, 2020
Dec 11, 2019	$0.2129	Dec 11, 2019