AXA/Franklin Templeton Allocation Managed Volatility Portfolio
Data updated: 2020-08-25
C000047445 — AXA/Franklin Templeton Allocation Managed Volatility Portfolio. Money Market · 1.18% expense ratio. Holdings, fees, performance and SEC filings.
C000047445 Fund Overview
AXA/Franklin Templeton Allocation Managed Volatility Portfolio is a US mutual fund managed by Eq Advisors Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Eq Advisors Trust
- Category: Money Market
- SEC CIK: 0001027263
- SEC series ID: S000017102
- Share class ID: C000047445
C000047445 Investment Objective and Strategy
AXA/Franklin Templeton Allocation Managed Volatility Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Eq Advisors Trust.
Investment objective
Primarily seeks capital appreciation
Principal investment strategy
The Portfolio pursues its investment objectives by investing on a fixed percentage basis in a combination of the AXA/Franklin Balanced Managed Volatility Portfolio, AXA/Mutual Large Cap Equity Managed Volatility Portfolio and AXA/Templeton Global Equity Managed Volatility Portfolio (the Underlying Portfolios), each of which is a separate portfolio managed by AXA Equitable Funds Management Group, LLC (FMG LLC or Adviser). The Underlying Portfolios, in turn, invest primarily in U.S. and foreign equity securities and, to a lesser extent, fixed-income and money market securities. The Portfolios assets will be allocated on approximately an equal basis (33 1 / 3 %) among each of the Underlying Portfolios. The Underlying Portfolios have been selected to represent a reasonable spectrum of investment options for the Portfolio.
The Adviser has based the fixed percentage allocations for the Portfolio on the degree to which it believes the Underlying Portfolios, in combination, to be appropriate for the Portfolios investment objectives. Each Underlying Portfolio is managed by the Adviser and sub-advised by Franklin Advisers, Inc. (AXA/Franklin Balanced Managed Volatility Portfolio), Franklin Mutual Advisers, LLC (AXA/Mutual Large Cap Equity Managed Volatility Portfolio) or Templeton Global Advisors Limited (AXA/Templeton Global Equity Managed Volatility Portfolio) (together, the Sub-Advisers) and another sub-adviser that sub-advises the portion of each Underlying Portfolios assets that seeks to track (before fees and expenses) the performance of an index or indices with minimal tracking error, which is commonly referred to as an indexing strategy.
The Adviser reserves the right to add new underlying portfolios or replace existing underlying portfolios without shareholder approval. The Portfolio will purchase Class K shares of the Underlying Portfolios, which are not subject to any sales charges or distribution or service (Rule 12b-1) fees. The AXA/Franklin Balanced Managed Volatility Portfolio seeks to maximize income while maintaining prospects for capital appreciation with an emphasis on risk-adjusted returns and managing volatility in the Portfolio. This portfolios assets normally are allocated among two distinct portions: one portion is actively managed (the Active Allocated Portion) and one portion seeks to track the performance (before fees and expenses) of a particular index or indices (the Index Allocated Portion). Under normal circumstances, the Active Allocated Portion invests in a diversified portfolio of debt and equity securities, including convertible securities.
Debt securities in which the Active Allocated Portion may invest include investment grade and below investment grade fixed income securities (also known as high yield or junk bonds and which may be illiquid), asset- and mortgage-backed securities, and, to a limited extent, loan participations and government securities. The Index Allocated Portion is allocated among two sub-portions, which seek to track the performance (before fees and expenses) of the Standard & Poors 500 Composite Stock Index (S&P 500 Index) and the Bloomberg Barclays U.S. Intermediate Government/Credit Bond Index, respectively. The portfolio also may invest up to 25% of its assets in derivatives such as futures and options. The AXA/Mutual Large Cap Equity Managed Volatility Portfolio seeks to achieve capital appreciation, which may occasionally be short-term, with an emphasis on risk-adjusted returns and managing volatility in the portfolio.
Under normal circumstances, the portfolio invests at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of large-capitalization companies (or financial instruments that derive their value from such securities), which, for the portfolio, means companies with market capitalizations of $5 billion or more at the time of purchase. The portfolios assets normally are allocated among two distinct portions: an Active Allocated Portion and an Index Allocated Portion. Under normal circumstances, the Active Allocated Portion invests mainly in equity securities of U.S. and foreign companies that the Sub-Adviser to the Active Allocated Portion believes are undervalued, including, to a lesser extent risk arbitrage securities and securities of distressed companies. The Active Allocated Portion invests predominantly in large-cap companies but it may invest up to 20% of its net assets in smaller companies as well.
The Index Allocated Portion seeks to track the performance (before fees and expenses) of the S&P 500 Index. The portfolio also may invest up to 25% of its assets in derivatives such as futures and options. The AXA/Templeton Global Equity Managed Volatility Portfolio seeks to achieve long-term capital growth with an emphasis on risk-adjusted returns and managing volatility in the portfolio. The portfolios assets normally are allocated among two distinct portions: an Active Allocated Portion and an Index Allocated Portion. Under normal circumstances, the Active Allocated Portion invests primarily in equity securities of companies located anywhere in the world, including emerging markets. The Index Allocated Portion is comprised of two strategies, which seek to track the performance (before fees and expenses) of the S&P 500 Index and the Morgan Stanley Capital International EAFE Index, respectively.
The portfolio also may invest up to 25% of its assets in derivatives such as futures and options. A portfolios investments in derivatives may be deemed to involve the use of leverage because the portfolio is not required to invest the full market value of the contract upon entering into the contract but participates in gains and losses on the full contract price. The use of derivatives also may be deemed to involve the use of leverage because the heightened price sensitivity of some derivatives to market changes may magnify the portfolios gain or loss. Detailed information about the Underlying Portfolios is available in each Underlying Portfolios Prospectus.
C000047445 Costs and Fees
C000047445 costs about $118 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.18%
- Gross expense ratio: 1.18%
- Portfolio turnover: 8%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000047445 Cashflows
Over the 12 months to 2020-06, AXA/Franklin Templeton Allocation Managed Volatility Portfolio had net inflows of $105.45M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | $175.03M |
| 2020-05 | −$9.58M |
| 2020-04 | −$10.52M |
| 2020-03 | −$15.75M |
| 2020-02 | −$11.31M |
| 2020-01 | −$14.05M |
C000047445 Debt Constituents
No individual debt constituents are reported in AXA/Franklin Templeton Allocation Managed Volatility Portfolio's latest SEC N-PORT filing.
C000047445 Prospectus and SEC Filings
Official AXA/Franklin Templeton Allocation Managed Volatility Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-19
- Prospectus (485BPOS) — filed 2019-05-16
- Prospectus (485BPOS) — filed 2018-05-10
- Portfolio holdings (N-PORT) — filed 2020-08-25
- Portfolio holdings (N-PORT) — filed 2020-05-28
- Portfolio holdings (N-PORT) — filed 2020-02-24
- Annual census (N-CEN) — filed 2020-03-13
- Annual census (N-CEN) — filed 2019-03-15
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.