The Financial Services sector posted positive performance during 1Q19, though the sector significantly trailed the broad market. Underperformance was concentrated in the last month of the quarter. The Saratoga Financial Services Portfolio saw strong absolute returns during the period, while underperforming on a relative basis. The Portfolio benefited from favorable stock selection in each of the industry groups within financial services: Banks, Diversified Financials and Insurance. Insurance stocks had the best absolute performance. The Portfolio is positioned with an underweight to Diversified Banks (the largest banks) and an overweight to Regional Banks, which was modestly favorable during the quarter._____________________________
Information contained herein was obtained from recognized statistical services and other sources believed to be reliable and we therefore cannot make any representation as to its completeness or accuracy. Any statements not of a factual nature constitute opinions which are subject to change without notice.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Saratoga Advantage Trust mutual funds. This and other important information about the Saratoga Advantage Trust's funds is contained in the prospectus, which can be obtained by clicking here, or by calling (800) 807-FUND, and which should be read carefully before investing. The Saratoga Advantage Trust's funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Saratoga Capital Management, LLC is not affiliated with Northern Lights Distributors, LLC. 4/19 © Saratoga Capital Management, LLC; All Rights Reserved.