James Alpha Global Real Estate Investments Portfolio

Fund Fees

Updated 12.31.2013

Maximum Sales Fees %
Initial
Deferred 1.0

Updated 12.31.2013

Maximum Fees %
Administrative
Management 1.2
Redemption 2.0

Updated 12.31.2013

Actual Fees %
12b-1 1.0
Management 1.2
Net Expense Ratio: Annual Report 2.98
Net Expense Ratio: Prospectus 2.67

Updated 07.03.2014

Total Cost Projections
3-Year $868.00
5-Year $1,492.00
10-Year $3,172.00

Purchase Information

Updated 12.31.2013

Minimum Investments
Initial $2,500.00
Additional
Initial IRA
Additional IRA
Initial AIP
Additional AIP