James Alpha Global Real Estate Investments Portfolio

Fund Fees

Updated 12.31.2013

Maximum Sales Fees %
Initial
Deferred

Updated 12.31.2013

Maximum Fees %
Administrative
Management 1.2
Redemption 2.0

Updated 12.31.2013

Actual Fees %
12b-1
Management 1.2
Net Expense Ratio: Annual Report 1.8
Net Expense Ratio: Prospectus 1.49

Updated 07.03.2014

Total Cost Projections
3-Year $553.00
5-Year $980.00
10-Year $2,169.00

Purchase Information

Updated 12.31.2013

Minimum Investments
Initial $2,000,000.00
Additional
Initial IRA
Additional IRA
Initial AIP
Additional AIP