497K 1 d797045d497k.htm EQ/FRANKLIN RISING DIVIDENDS PORTFOLIO EQ/Franklin Rising Dividends Portfolio

EQ ADVISORS TRUSTSM

 

EQ/Franklin Rising Dividends Portfolio

Multimanager Technology Portfolio

 

SUPPLEMENT DATED SEPTEMBER 30, 2024 TO THE SUMMARY PROSPECTUS, PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 2024, AS SUPPLEMENTED

 

 

This Supplement updates certain information contained in the Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”) of EQ Advisors Trust (“Trust”) dated May 1, 2024, as supplemented. You should read this Supplement in conjunction with the Summary Prospectus, Prospectus and SAI and retain it for future reference. You may view, print, and download these documents, free of charge, at the Trust’s website at https://equitable-funds.com.

 

Effective October 1, 2024, the following changes are being made to the Summary Prospectus, Prospectus and SAI:

 

Nicholas P.B. Getaz, CFA® of Franklin Advisers, Inc. no longer serves as a Co-Lead Portfolio Manager for the EQ/Franklin Rising Dividends Portfolio. All references to Nicholas P.B. Getaz in the Summary Prospectus, Prospectus and SAI are deleted in their entirety.

 

The section of the Summary Prospectus and Prospectus entitled “EQ/Franklin Rising Dividends Portfolio – WHO MANAGES THE PORTFOLIO — Sub-Adviser: Franklin Advisers, Inc. (“Franklin Advisers” or the “Sub-Adviser”)” is amended by deleting the table in its entirety and replacing it with the following:

 

Name   Title   Date Began
Managing
the Portfolio

Matthew Quinlan

   Senior Vice President, Co-Lead Portfolio Manager and Research Analyst, Franklin Advisers   May 2019

Amritha Kasturirangan, CFA®*

   Vice President, Co-Lead Portfolio Manager and Research Analyst, Franklin Advisers   October 2019

Nayan Sheth, CFA®

   Vice President, Portfolio Manager and Research Analyst, Franklin Advisers   October 2019
*

Effective September 30, 2024, Amritha Kasturirangan, CFA® will become a Co-Lead Portfolio Manager of the Portfolio.

 

The section of the Prospectus entitled “Management of the Trust — The Sub-Advisers — Franklin Advisers, Inc.” is amended by deleting the second paragraph in its entirety and replacing it with the following:

 

Matthew Quinlan and Amritha Kasturirangan, CFA® are the members of the portfolio management team primarily responsible for the investment decisions for EQ/Franklin Rising Dividends Portfolio. Mr. Quinlan and Ms. Kasturirangan work jointly to determine investment strategy and security selection for the Portfolio. Nayan Sheth also is a member of the portfolio management team and provides support to the co-lead portfolio managers as needed.

 

Matthew Quinlan, is a Senior Vice President, Co-Lead Portfolio Manager and Research Analyst of Franklin Advisers. He joined Franklin Templeton Investments in 2005 as a research analyst and became a portfolio manager in 2007.

 

Amritha Kasturirangan, CFA® is a Vice President, Co-Lead Portfolio Manager and Research Analyst of Franklin Advisers. She joined Franklin Templeton Investments in 2009 and has been an analyst for the Rising Dividends strategy since April 2012.

 

Nayan Sheth, CFA® is a Vice President, Portfolio Manager and Research Analyst of Franklin Advisers. He joined Franklin Templeton Investments in 2014 and has been an analyst for the Rising Dividends strategy since January 2014.

 

*****

 

Effective October 1, 2024, the following changes are being made to the Summary Prospectus, Prospectus and SAI:

 

Eunhak Bae of Wellington Management Company LLP no longer serves as a Portfolio Manager for the Multimanager Technology Portfolio. All references to Eunhak Bae in the Summary Prospectus, Prospectus and SAI are deleted in their entirety.

 

The section of the Summary Prospectus and Prospectus entitled “Multimanager Technology Portfolio – WHO MANAGES THE PORTFOLIO — Sub-Adviser: Wellington Management Company LLP (“Wellington” or the “Sub-Adviser”)” is amended by deleting the table in its entirety and replacing it with the following:

 

Name   Title   Date Began
Managing
the Portfolio

Bruce L. Glazer

   Senior Managing Director, Partner and Global Industry Analyst of Wellington   December 2003

Brian Barbetta

   Senior Managing Director, Partner and Global Industry Analyst of Wellington   December 2017

Tom DeLong

   Managing Director and Global Industry Analyst of Wellington   December 2023

Jeremy Hartman

   Managing Director and Global Industry Analyst of Wellington   October 2024

 

The section of the Prospectus entitled “Management of the Trust — The Sub-Advisers — Wellington Management Company LLP” is amended by deleting the fourth paragraph in its entirety and replacing it with the following:

 

Brian Barbetta, Bruce L. Glazer, Tom DeLong and Jeremy Hartman are jointly and primarily responsible for the investment decisions for the Active Allocated Portion of the Multimanager Technology Portfolio.

 

The section of the Prospectus entitled “Management of the Trust — The Sub-Advisers — Wellington Management Company LLP” is further amended by adding the following:

 

Jeremy Hartman, Managing Director and Global Industry Analyst, is a member of the Technology Team. His coverage includes semiconductor & semiconductor capital equipment and technology hardware sectors. Mr. Hartman joined Wellington in 2010.

 

*****

 

The section of the SAI entitled “Appendix B — EQ Advisors Trust — Portfolio Manager Information — Wellington Management Company LLP” is amended to include the following information:

 

 
Wellington Management Company LLP (“Wellington Management” or “Sub-Adviser”)
     
Portfolio Manager   Presented below for each portfolio manager is the
number of other accounts managed by the
portfolio manager and the total assets in the
accounts managed within each category as of
August 31, 2024		   Presented below for each of the categories is the
number of accounts and the total assets in the
accounts with respect to which the advisory fee is
based on the performance of the account
    Registered Investment Companies   Other Pooled Investment Vehicles   Other Accounts   Registered Investment Companies   Other Pooled Investment Vehicles   Other Accounts
    Number
of
Accounts		   Total

Assets

   Number
of
Accounts		   Total
Assets		   Number
of
Accounts		   Total

Assets

   Number
of
Accounts		   Total

Assets

   Number
of
Accounts		   Total
Assets		   Number
of
Accounts		   Total
Assets
 
Multimanager Technology Portfolio

Jeremy Hartman

   0   0   6   $175k   28   $177k   0   0   0   0   0   0

 

Ownership of Shares of the Portfolio as of August 31, 2024

 

               
Portfolio Manager   None  

$1-

$10,000

    

$10,001-

$50,000

    

$50,001-

$100,000

    

$100,001-

$500,000

    

$500,001-

$1,000,000

    

over

$1,000,000

  
 
Multimanager Technology Portfolio  

Jeremy Hartman

   X