EQ/ClearBridge Select Equity Managed Volatility Portfolio

C000104203 Fund Overview

EQ/ClearBridge Select Equity Managed Volatility Portfolio is a US mutual fund managed by Eq Advisors Trust, categorised as United States Large Cap Blend / Core Equity. 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: United States Large Cap Blend / Core Equity
• Assets under management: $648.36M
• 1-year return: 15.0%
• SEC CIK: 0001027263
• SEC series ID: S000013250
• Share class ID: C000104203

C000104203 Investment Objective and Strategy

EQ/ClearBridge Select Equity Managed Volatility Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Eq Advisors Trust.

Investment objective

Seeks to achieve capital appreciation, which may occasionally be short-term, with an emphasis on risk-adjusted returns and managing volatility in the Portfolio.

Principal investment strategy

The Portfolios assets normally are allocated between two investment managers, each of which will manage its portion of the Portfolio using a different but complementary investment strategy. One portion of the Portfolio is actively managed (Active Allocated Portion); the other portion of the Portfolio seeks to track the performance of a particular index (Index Allocated Portion). 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). For this Portfolio, large-capitalization companies are companies with market capitalizations of $5 billion or more at the time of purchase. The Active Allocated Portion consists of approximately 50% of the Portfolios net assets; the Index Allocated Portion consists of approximately 50% of the Portfolios net assets.

These percentages are targets established by the Adviser; actual allocations may deviate from these targets. 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. 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 Active Allocated Portion may invest up to 35% of its assets in foreign securities, including securities of companies in emerging markets and depositary receipts. In addition, the Active Allocated Portion may invest in derivatives and may use forward foreign currency exchange contracts to hedge against currency risks when the Sub-Adviser to the Active Allocated Portion believes it would be advantageous to the Active Allocated Portion to do so.

The Active Allocated Portion invests primarily in securities that the Sub-Adviser to the Active Allocated Portion believes are trading at a discount to their intrinsic value. To a lesser extent, the Active Allocated Portion also invests in risk arbitrage securities (securities of companies involved in restructuring or that the Sub-Adviser to the Active Allocated Portion believes are cheap relative to an economically equivalent security of the same or another company) and securities of distressed companies that are, or are about to be, involved in reorganizations, financial restructurings or bankruptcy. While the Active Allocated Portion generally purchases securities for investment purposes, the Sub-Adviser to the Active Allocated Portion also may seek to influence or control management, or invest in other companies that do so, when the Sub-Adviser to the Active Allocated Portion believes the Active Allocated Portion may benefit.

When engaging in an arbitrage strategy, the Active Allocated Portion typically buys one security while at the same time selling short another security. The Active Allocated Portion generally engages in an arbitrage strategy in connection with an announced corporate restructuring, such as a merger, acquisition or tender offer, or other corporate action or event. The Active Allocated Portions investments in distressed companies may involve investments of up to 10% of the Portfolios total assets in bank debt, lower-rated or defaulted debt securities, comparable unrated debt securities or other indebtedness (or participations in the indebtedness) of such companies. Such other indebtedness generally represents a specific commercial loan or portion of a loan made to a company by a financial institution such as a bank.

Loan participations represent fractional interests in a companys indebtedness and are generally made available by banks or other institutional investors. By purchasing all or a part of a companys direct indebtedness, the Active Allocation Portion, in effect, steps into the shoes of the lender. If the loan is secured, the Active Allocated Portion of the Portfolio will have a priority claim to the assets of the company ahead of unsecured creditors and stock holders. The Active Allocated Portion generally makes such investments to achieve capital appreciation, in addition to generating income. The Sub-Adviser to the Active Allocated Portion may keep a portion, which may be significant at times, of the Active Allocated Portions assets in cash or invested in high-quality short-term money market instruments, corporate debt, or direct or indirect U.S.

and non-U.S. government and agency obligations, when it believes that insufficient investment opportunities meeting the Active Allocated Portions investment criteria exist or that it may otherwise be necessary to maintain liquidity. The Sub-Adviser to the Active Allocated Portion may sell a security for a variety of reasons, such as to invest in a company believed by the Sub-Adviser to offer superior investment opportunities. The Active Allocated Portion may attempt, from time to time, to hedge (protect) against currency risks, largely by using forward currency exchange contracts and currency futures contracts (including currency index futures contracts) when in the Sub-Advisers opinion it would be advantageous for the Active Allocated Portion to do so. The Index Allocated Portion of the Portfolio seeks to track the performance (before fees and expenses) of the Standard & Poors 500 Composite Stock Index (S&P 500 Index) with minimal tracking error.

This strategy is commonly referred to as an indexing strategy. Generally, the Index Allocated Portion uses a full replication technique, although in certain instances a sampling approach may be utilized for a portion of the Index Allocated Portion. The Index Allocated Portion also may invest in other instruments, such as futures and options contracts, that provide comparable exposure as the index without buying the underlying securities comprising the index. AXA Equitable Funds Management Group, LLC (FMG LLC or the Adviser) also may utilize futures and options, such as exchange-traded futures and options contracts on securities indices, to manage equity exposure. Futures and options can provide exposure to the performance of a securities index without buying the underlying securities comprising the index.

They also provide a means to manage the Portfolios equity exposure without having to buy or sell securities. When market volatility is increasing above specific thresholds set for the Portfolio, the Adviser may limit equity exposure either by reducing investments in securities, shorting or selling long futures and options positions on an index, increasing cash levels, and/or shorting an index. During such times, the Portfolios exposure to equity securities may be significantly less than that of a traditional equity portfolio. Volatility is a statistical measure of the magnitude of changes in the Portfolios returns, without regard to the direction of those changes. Higher volatility generally indicates higher risk and is often reflected by frequent and sometimes significant movements up and down in value.

Volatility management techniques may reduce potential losses and/or mitigate financial risks to insurance companies that provide certain benefits and guarantees available under the Contracts and offer the Portfolio as an investment option in their products. The Portfolio may invest up to 25% of its assets in derivatives. It is anticipated that the Portfolios derivative instruments will consist primarily of exchange-traded futures and options contracts on securities indices, but the Portfolio also may utilize other types of derivatives. The 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. It is not generally expected, however, that the Portfolio will be leveraged by borrowing money for investment purposes. The Portfolio may maintain a significant percentage of its assets in cash and cash equivalent instruments, some of which may serve as margin or collateral for the Portfolios obligations under derivative transactions. The Portfolio also may lend its portfolio securities to earn additional income

C000104203 Holdings

Top 10 holdings of EQ/ClearBridge Select Equity Managed Volatility Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000104203 holdings

C000104203 Portfolio Allocation

Asset-class allocation of EQ/ClearBridge Select Equity Managed Volatility Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000104203 Performance

Total returns for C000104203 (as of 2026-10-01), from SEC filings.

C000104203 Risk Information

Risk metrics for C000104203, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 12.2%

C000104203 Costs and Fees

C000104203 costs about $82 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.82%
• Gross expense ratio: 0.89%
• Portfolio turnover: 10%
• Brokerage commissions: 1.23 bps of average net assets (SEC N-CEN)

C000104203 Cashflows

Over the 12 months to 2026-06, EQ/ClearBridge Select Equity Managed Volatility Portfolio had net outflows of $76.52M, from monthly SEC N-PORT filings.

C000104203 Debt Constituents

Largest debt holdings of EQ/ClearBridge Select Equity Managed Volatility Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000104203 Prospectus and SEC Filings

Official EQ/ClearBridge Select Equity Managed Volatility Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-04-28
• Prospectus (485BPOS) — filed 2024-04-26
• Prospectus (485BPOS) — filed 2023-04-26
• Portfolio holdings (N-PORT) — filed 2026-08-25
• Portfolio holdings (N-PORT) — filed 2026-05-26
• Portfolio holdings (N-PORT) — filed 2026-02-27
• Annual census (N-CEN) — filed 2026-03-11
• Annual census (N-CEN) — filed 2025-03-10

Related Funds

Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

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.