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Trending ETFs

U.S. Government Money Market Portfolio

mutual fund
SGAXX
Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Taxable Money Market
share class
I (SGMXX) A (SGAXX) C (SZCXX)
SGAXX (Mutual Fund)

U.S. Government Money Market Portfolio

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Taxable Money Market
share class
I (SGMXX) A (SGAXX) C (SZCXX)
SGAXX (Mutual Fund)

U.S. Government Money Market Portfolio

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Taxable Money Market
share class
I (SGMXX) A (SGAXX) C (SZCXX)

Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

U.S. Government Money Market Portfolio

SGAXX | Fund

$1.00

$699 M

1.80%

$0.02

1.59%

Vitals

YTD Return

2.5%

1 yr return

2.5%

3 Yr Avg Return

1.5%

5 Yr Avg Return

0.9%

Net Assets

$699 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.59%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

N/A

Fund Classification

Fund Type

Money Market Fund

Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

U.S. Government Money Market Portfolio

SGAXX | Fund

$1.00

$699 M

1.80%

$0.02

1.59%

SGAXX - Profile

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    U.S. Government Money Market Portfolio
  • Fund Family Name
    Saratoga Advantage Trust
  • Inception Date
    Oct 23, 2006
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bruce Ventimiglia

Fund Description

The Portfolio is a “fund of funds.”

The Portfolio will normally invest at least 80% of its total assets in unaffiliated registered investment companies (the “Underlying Funds”) that invest in high quality, short-term U.S. government securities. In addition, in order to qualify as a “government money market fund” under the rules governing money market funds, the Portfolio has adopted a policy to invest 99.5% or more of its total assets, through the Underlying Funds, in cash, U.S. government securities, and/or repurchase agreements that are collateralized fully by cash and U.S. government securities. Unless the context otherwise requires, references to the Portfolio’s investments refer to those investments of the Underlying Funds. The Manager seeks to maintain the Portfolio’s share price at $1.00. The U.S. government securities that the Portfolio may purchase include:

● U.S. Treasury bills, notes and bonds, all of which are direct obligations of the U.S. government.
● Securities issued by agencies and instrumentalities of the U.S. government, which are backed by the full faith and credit of the United States. Among the agencies and instrumentalities issuing these obligations are the Government National Mortgage Association (“Ginnie Mae”) and the Federal Housing Administration.
● Securities issued by agencies and instrumentalities, which are not backed by the full faith and credit of the United States, but whose issuing agency or instrumentality has the right to borrow from the U.S. Department of the Treasury (the “Treasury”) to meet their obligations. Among these agencies and instrumentalities are the Federal National Mortgage Association (“Fannie Mae”), the Federal Home Loan Mortgage Corporation (“Freddie Mac”) and the Federal Home Loan Bank. Fannie Mae and Freddie Mac each may borrow from the Treasury to meet their obligations, but the Treasury is under no obligation to lend to Fannie Mae or Freddie Mac.
● Securities issued by agencies and instrumentalities, which are backed solely by the credit of the issuing agency or instrumentality. Among these agencies and instrumentalities is the Federal Farm Credit System.

In addition, the Portfolio may invest in repurchase agreements collateralized by securities issued by the U.S. government, its agencies and instrumentalities.

By operating as a government money market fund, the Portfolio is exempt from requirements relating to the imposition of a liquidity fee. While the Portfolio’s Board of Trustees may elect to subject the Portfolio to a discretionary liquidity fee in the future, the Board has not elected to do so at this time.

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SGAXX - Performance

Return Ranking - Trailing

Period SGAXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% 0.5% 10.4% 99.49%
1 Yr 2.5% 0.5% 10.4% 99.49%
3 Yr 1.5%* 0.7% 5.4% 99.46%
5 Yr 0.9%* 0.5% 3.3% 99.41%
10 Yr 0.5%* 0.4% 32.5% 99.50%

* Annualized

Return Ranking - Calendar

Period SGAXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -0.1% 5.0% 42.64%
2022 0.0% 0.0% 1.2% 44.16%
2021 0.0% 0.0% 0.0% 44.23%
2020 0.0% 0.0% 0.4% 44.88%
2019 0.0% 0.0% 2.0% 44.65%

Total Return Ranking - Trailing

Period SGAXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% 0.5% 10.4% 99.49%
1 Yr 2.5% 0.5% 10.4% 99.49%
3 Yr 1.5%* 0.7% 5.4% 99.46%
5 Yr 0.9%* 0.5% 3.3% 99.41%
10 Yr 0.5%* 0.4% 32.5% 99.50%

* Annualized

Total Return Ranking - Calendar

Period SGAXX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% 0.8% 5.9% 99.75%
2022 0.6% 0.0% 1.7% 97.66%
2021 0.0% 0.0% 1.9% 82.14%
2020 0.0% 0.0% 3.0% 98.80%
2019 0.0% 0.0% 3797.9% 97.80%

NAV & Total Return History

SGAXX - Holdings

Concentration Analysis

SGAXX Category Low Category High SGAXX % Rank
Net Assets 699 M 818 K 211 B 41.34%
Number of Holdings 5 1 346 89.83%
Net Assets in Top 10 5.57 M 147 K 163 B 99.50%
Weighting of Top 10 100.00% 22.7% 100.0% 3.57%

Top 10 Holdings

  1. Ficc Repo 08/03/2020 99.52%
  2. Ficc Repo 08/03/2020 99.52%
  3. Ficc Repo 08/03/2020 99.52%
  4. Ficc Repo 08/03/2020 99.52%
  5. Ficc Repo 08/03/2020 99.52%
  6. Ficc Repo 08/03/2020 99.52%
  7. Ficc Repo 08/03/2020 99.52%
  8. Ficc Repo 08/03/2020 99.52%
  9. Ficc Repo 08/03/2020 99.52%
  10. Ficc Repo 08/03/2020 99.52%

Asset Allocation

Weighting Return Low Return High SGAXX % Rank
Cash 		100.00% 25.56% 100.00% 3.47%
Stocks 		0.00% 0.00% 0.00% 43.32%
Preferred Stocks 		0.00% 0.00% 0.00% 43.32%
Other 		0.00% -1.67% 0.04% 43.32%
Convertible Bonds 		0.00% 0.00% 21.22% 47.77%
Bonds 		0.00% 0.00% 74.44% 92.57%

SGAXX - Expenses

Operational Fees

SGAXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.59% 0.07% 2.23% 1.24%
Management Fee 0.48% 0.03% 0.50% 99.26%
12b-1 Fee 0.40% 0.00% 1.00% 81.29%
Administrative Fee N/A 0.01% 0.55% 83.93%

Sales Fees

SGAXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 5.75% 5.75% 100.00%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SGAXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 5.00% 5.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SGAXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 485.00% N/A

SGAXX - Distributions

Dividend Yield Analysis

SGAXX Category Low Category High SGAXX % Rank
Dividend Yield 1.80% 0.00% 5.42% 98.27%

Dividend Distribution Analysis

SGAXX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

SGAXX Category Low Category High SGAXX % Rank
Net Income Ratio 0.01% -1.09% 1.67% 49.62%

Capital Gain Distribution Analysis

SGAXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SGAXX - Fund Manager Analysis

Managers

Bruce Ventimiglia

Start Date

Tenure

Tenure Rank

Oct 13, 2020

1.63

1.6%

Mr. Ventimiglia is the Chairman, President and Chief Executive Officer of Saratoga Capital Management, LLC and the Saratoga Advantage Trust. He established both of these entities in 1994. Prior to forming Saratoga Capital Management, LLC, Mr. Ventimiglia was a Senior Vice President of Prudential Securities Incorporated. He was also a member of the firm's Operating Council (one of the firm's three governing bodies) and the Service Advisory Council. In addition, Mr. Ventimiglia was previously National Director of Financial Services for Prudential Securities. The Financial Services Group that reported to Mr. Ventimiglia was responsible for approximately 70% of Prudential's retail client statement assets, and included the following departments: Administration, Corporate Executive Services, Financial Planning and Investment Allocation Strategies, Investment Management Services, Retirement Plan Services, Sales and Marketing, and Training. Mr. Ventimiglia joined Prudential Securities in 1987 as one of the nation's leading financial advisors and served as the founding branch manager of the West Bloomfield, Michigan office. In addition, Mr. Ventimiglia was a member of the Prudential Securities Field Managers' Advisory Council. Prior to that, he was with E.F. Hutton for nine years where he held various local and regional sales and management positions, and was a leading financial advisor. In addition, Mr. Ventimiglia served as the Investment Consultant to the American Medical Association (the “AMA”) for eight years. As the AMA’s Investment Consultant, Mr. Ventimiglia assisted the AMA in preparing its investment policy statements, developed investment guidelines for the AMA containing asset allocation recommendations, assisted the AMA in the selection of asset classes and portfolio managers to manage the AMA’s assets, and monitored the AMA’s accounts. Mr. Ventimiglia has also worked with an extensive range of institutional accounts, including State, City, Police and Fire, Taft-Hartley, 401(k), and 403(b) accounts. Mr. Ventimiglia previously acted as one of two co-chairs of BALCONY (the Business and Labor Coalition of New York), he is a member emeritus of the Yale Eye Center Advisory Board, and also served as one of the five members of ARP’s National Policy Committee on Social Security. Mr. Ventimiglia received a B.A. degree and graduated Phi Beta Kappa with High Distinction from Wayne State University. He has been quoted or featured in a variety of publications including: Changing Times, Forbes, Fortune, Institutional Investor, Newsday, The Washington Post, and The Wall Street Journal. In addition, he has appeared on numerous television and radio shows, and has been a featured speaker at Harvard University and the University of California as well as various industry associations and conference organizations including the Investment Company Institute.

Stephen Ventimiglia

Start Date

Tenure

Tenure Rank

Oct 13, 2020

1.63

1.6%

Stephen Ventimiglia is Saratoga Capital Management, LLC's Chief Investment Officer. Prior to co-founding Saratoga, Mr. Ventimiglia served as Chairman, President and Chief Executive Officer of a money management firm that was nationally recognized for its asset allocation work. In addition, he was the Chairman of that firm’s Investment Policy Committee. His work was distinguished in a study by USA Today that ranked his company as the number one investment advisory firm in the nation amongst asset allocation firms. Mr. Ventimiglia also managed money for clients at E.F. Hutton & Co. and Prudential Securities. At Prudential Securities, his last firm prior to joining Saratoga, he served as a Senior Portfolio Manager and First Vice President. His investment advice and asset allocation work was displayed on Prudential Securities’ national communications system for use by the firm’s portfolio managers and brokers.

Jonathan Ventimiglia

Start Date

Tenure

Tenure Rank

Oct 13, 2020

1.63

1.6%

Mr. Ventimiglia is the Chief Financial Officer and Chief Compliance Officer for Saratoga Capital Management, LLC (“Saratoga”). Mr. Ventimiglia joined Saratoga full-time in September of 2005. Prior to joining Saratoga full-time, Mr. Ventimiglia interned for the company, working in the sales, marketing, operations and fulfillment departments. Currently, Mr. Ventimiglia helps lead the firm’s sales and marketing, distribution, financial oversight, compliance, and portfolio management functions. He was responsible for developing Saratoga’s economic research reports and managed the build-out of the most recent version of the firm’s asset allocation software, SaratogaSHARP©. In addition to performing his services for Saratoga, Mr. Ventimiglia provided consulting services to BALCONY (the Business & Labor Coalition of New York) from 2006 to 2011. Mr. Ventimiglia received his B.A. from Wesleyan University in Middletown, CT, where he was a member of the varsity baseball team and Psi Upsilon Fraternity.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 46.68 15.23 19.01

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