SHPAX – Saratoga Health & Biotechnology A Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital growth. The fund will normally invest at least 80% of its total assets in equity securities of U.S. and foreign healthcare companies and biotechnology companies, regardless of their stock market value (or "market capitalization"). Equity securities include common stocks, preferred stocks, securities convertible into common stocks and warrants. The Adviser utilizes a top-down investment approach focused on long-term economic trends.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SBHIX	Saratoga Health & Biotechnology Portfolio Fund Class Institutional	Institutional	Open			Jan 28, 2003	$5.78M	2.600%	High	$250	−$516,345.24
SHPAX	Saratoga Health & Biotechnology Portfolio Fund Class A	Front Load	Open			Jul 15, 1999	$4.95M	3.000%	High	$2,500	−$363,837.82
SHPCX	Saratoga Health & Biotechnology Portfolio Fund Class C	Level Load	Open			Jan 18, 2000	$317,201.00	3.600%	High	$2,500	−$157,899.88

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