The Federal Reserve has embarked upon a plan to raise short-term interest rates and will begin to normalize its balance sheet by reducing its holding of various US Treasury and agency securities. As such, the bond market’s dynamics could change drastically in the next year and we have positioned the Investment Quality Bond Portfolio in what we deem a defensive posture. To accomplish that, we have focused the Portfolio’s corporate bond holdings largely in short- to intermediate-term issues, while employing Treasury Inflation Protected Securities to satisfy our longer duration needs. These TIPS should also benefit as inflation readings potentially increase in the year ahead.
There is no assurance that the Fund will achieve its investment objective.
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. 1/16 © Saratoga Capital Management, LLC; All Rights Reserved.