Multimanager Mid Cap Value Portfolio
Data updated: 2020-08-25
C000138922 — Multimanager Mid Cap Value Portfolio. United States Real Estate · 1.10% expense ratio. Holdings, fees, performance and SEC filings.
C000138922 Fund Overview
Multimanager Mid Cap Value Portfolio is a US mutual fund managed by Eq Advisors Trust, categorised as United States Real Estate. 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 Real Estate
- SEC CIK: 0001027263
- SEC series ID: S000044694
- Share class ID: C000138922
C000138922 Investment Objective and Strategy
Multimanager Mid Cap Value 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 long-term growth of capital.
Principal investment strategy
Under normal circumstances, the Portfolio intends to invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of U.S. mid-capitalization companies. For purposes of this Portfolio, mid-capitalization companies generally are companies with market capitalization within the range of companies in the Russell 2500 TM Index (Russell 2500) or the Russell Midcap Index (Russell Midcap) at the time of investment (as of December 31, 2017, the market capitalization of the companies in the Russell 2500 was between $22.7 million and $17.2 billion and the market capitalization of the companies in the Russell Midcap was between $0.8 billion and $36.7 billion). In addition, securities of mid-capitalization companies may include financial instruments that derive their value from the securities of such companies.
The sizes of the companies in these indexes change with market conditions, which can result in changes to the market capitalization ranges of companies in the indexes. The Portfolio intends to invest primarily in common stocks, but it may also invest in other securities that an Adviser believes provide opportunities for capital growth. These include securities of real estate investment trusts. AXA Equitable Funds Management Group, LLC (FMG LLC or Adviser) will generally allocate the Portfolios assets among three or more Sub-Advisers, each of which will manage its portion of the Portfolio using different yet complementary investment strategies. Under normal circumstances, one portion of the Portfolio will track the performance of a particular index (Index Allocated Portion) and the other portions of the Portfolio will be actively managed (Active Allocated Portions).
Under normal circumstances, the Adviser anticipates allocating approximately 50% of the Portfolios net assets to the Index Allocated Portion and the remaining 50% of net assets among the Active Allocated Portions. These percentages are targets established by the Adviser and actual allocations between the portions may deviate from these targets by up to 20% of the Portfolios net assets. The Index Allocated Portion of the Portfolio seeks to track the performance (before fees and expenses) of the Russell 2500 TM Value 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.
Each Active Allocated Portion utilizes a value-oriented investment style and invests primarily in equity securities of companies that, in the view of the Sub-Adviser, are currently undervalued according to certain financial measurements, which may include price-to-earnings and price-to-book ratios and dividend income potential. A Sub-Adviser may sell a security for a variety of reasons, such as because the Sub-Adviser believes that it has become overvalued or shows deteriorating fundamentals, or to invest in a company believed to offer superior investment opportunities. The Portfolio also may lend its portfolio securities to earn additional income.
C000138922 Costs and Fees
C000138922 costs about $110 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.10%
- Gross expense ratio: 1.32%
- Portfolio turnover: 48%
- Brokerage commissions: 2.19 bps of average net assets (SEC N-CEN)
C000138922 Cashflows
Over the 12 months to 2020-06, Multimanager Mid Cap Value Portfolio had net inflows of $24.07M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | −$4.36M |
| 2020-05 | −$173.02K |
| 2020-04 | −$236.58K |
| 2020-03 | $18.64M |
| 2020-02 | −$1.24M |
| 2020-01 | −$1.30M |
C000138922 Debt Constituents
No individual debt constituents are reported in Multimanager Mid Cap Value Portfolio's latest SEC N-PORT filing.
C000138922 Prospectus and SEC Filings
Official Multimanager Mid Cap Value 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 United States Real Estate 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.