The Saratoga Large Cap Value Portfolio posted positive performance for the third quarter of 2018. Consumer Discretionary names were the largest driver of positive performance, while Energy, Technology and Housing underperformed. Looking forward, we believe US economic growth looks firm, despite tightening financial conditions. We are optimistic about the outlook for the US economy and rising corporate earnings. Rising expectations for strong real growth have pushed up 10-year Treasury bond yields, and rising yields can cap P/E ratios, but we believe that shares of companies with above consensus earnings growth should do well.
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. 10/18 © Saratoga Capital Management, LLC; All Rights Reserved.