Saratoga Mid Capitalization Portfolio Fund Class Institutional (SMIPX)

Fund Assets	10.22M
Expense Ratio	2.316%
Min. Investment	$250
Turnover	152.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	Annual
Ex-Dividend Date	Dec 9, 2025

Previous Close	13.29
YTD Return	10.94%
1-Year Return	13.26%
5-Year Return	54.02%
52-Week Low	11.74
52-Week High	15.29
Beta (5Y)	1.23
Holdings	60
Inception Date	Jan 6, 2003

About SMIPX

Saratoga Advantage Trust: Mid Capitalization Portfolio; Class I Shares is an open-end mutual fund specializing in U.S. mid-cap equities. Its primary objective is long-term capital appreciation, achieved by investing at least 80% of its assets in equity securities of American companies with market capitalizations typically ranging from $1 billion to $15 billion at the time of purchase. The fund employs a core equity strategy, seeking opportunities among companies that are considered undervalued due to temporary inefficiencies or market mispricings. Managed by Vaughan Nelson Investment Management, the portfolio’s investment approach is grounded in disciplined fundamental research and valuation analysis, aiming to identify mid-sized firms trading below their intrinsic value. This fund is notable for its diversified exposure to the mid-cap segment, which historically offers a balance of growth potential and stability, positioned between the large-cap and small-cap sectors. Since its inception in January 2003, the fund has served institutional and individual investors seeking professional management and access to a broad array of mid-cap U.S. companies, often benchmarking its performance against the Russell Midcap Index and the Morningstar Mid Capitalization Blend Average.

• Fund Family: Saratoga
• Category: Mid-Cap Blend
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SMIPX
• Share Class: - Class I
• Index: Russell MidCap TR

Performance

SMIPX had a total return of 13.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.93%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
SWMCX	Schwab	Schwab ® US Mid-Cap Index	0.04%
FLAPX	Fidelity	Fidelity Flex Mid Cap Index Fund	n/a
FSMDX	Fidelity	Fidelity Mid Cap Index Fund	0.03%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
SPMAX	- Class A	2.65%
SPMCX	- Class C	3.10%

Top 10 Holdings

31.46% of assets

Name	Symbol	Weight
Evergy, Inc.	EVRG	3.55%
Alliant Energy Corporation	LNT	3.42%
CMS Energy Corporation	CMS	3.40%
WEC Energy Group, Inc.	WEC	3.38%
BNY Dreyfus Instl Pref Govt MMkt Instl	DSVXX	3.36%
Baker Hughes Company	BKR	3.12%
AutoZone, Inc.	AZO	2.92%
Royal Caribbean Cruises Ltd.	RCL	2.89%
Carnival Corporation Ltd.	CCL	2.76%
Burlington Stores, Inc.	BURL	2.65%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 9, 2025	$3.0618	Dec 10, 2025
Dec 10, 2024	$2.1249	Dec 11, 2024
Dec 8, 2023	$0.1441	Dec 11, 2023
Dec 9, 2022	$0.2085	Dec 12, 2022
Dec 10, 2021	$1.9091	Dec 13, 2021
Dec 11, 2020	$1.1088	Dec 11, 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:

Oct 16, 2026

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