Saratoga Mid Capitalization Portfolio Fund Class A (SPMAX)

Fund Assets	10.22M
Expense Ratio	2.597%
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	10.33
YTD Return	10.63%
1-Year Return	11.16%
5-Year Return	43.37%
52-Week Low	9.12
52-Week High	12.57
Beta (5Y)	0.97
Holdings	67
Inception Date	Jul 1, 2002

About SPMAX

The Saratoga Advantage Trust: Mid Capitalization Portfolio Fund Class A is a diversified open-end mutual fund that invests predominantly in equity securities of U.S. mid-cap companies. With a focus on firms whose market capitalizations generally range from $1 billion to $15 billion, the fund aims to achieve long-term capital appreciation by targeting opportunities in a segment often perceived as balancing the growth potential of smaller firms with the relative stability of larger corporations. Its strategy is rooted in disciplined fundamental research, seeking companies trading below their intrinsic value due to temporary inefficiencies or overlooked prospects within the mid-cap universe. Typically holding around 60–62 stocks, the fund provides investors with broad sector and industry exposure, spanning areas such as consumer cyclicals, technology, basic materials, financial services, and healthcare. Managed under the Saratoga Advantage Trust umbrella, this fund offers professional money management and serves as a core component for those seeking to diversify their portfolios with mid-cap equities. The fund pays annual dividends and is suitable for investors who prefer a managed approach to accessing mid-cap U.S. equity markets.

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

Performance

SPMAX had a total return of 11.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.39%.

Equivalent Funds

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

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

Other Share Classes

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

Symbol	Share Class	Expense Ratio
SMIPX	- Class I	2.22%
SPMCX	- Class C	3.10%

Top 10 Holdings

26.76% of assets

Name	Symbol	Weight
Baker Hughes Company	BKR	2.92%
Dollar General Corporation	DG	2.90%
AutoZone, Inc.	AZO	2.81%
Evergy, Inc.	EVRG	2.68%
WEC Energy Group, Inc.	WEC	2.66%
CMS Energy Corporation	CMS	2.63%
Alliant Energy Corporation	LNT	2.63%
SLB N.V.	SLB	2.52%
Carnival Corporation Ltd.	CCL	2.51%
Royal Caribbean Cruises Ltd.	RCL	2.49%

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	$1.8692	Dec 13, 2021
Dec 11, 2020	$1.0662	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:

Nov 9, 2026

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