FOR VALIDATION PURPOSES ONLY

EQ ADVISORS TRUST

EQ/ALL ASSET GROWTH ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
EXCHANGE TRADED FUNDS (ETF):
Commodity (7.1%)
Invesco DB Gold Fund*‡		92,800	$	4,345,518
Invesco DB Precious Metals Fund*‡		146,790		6,300,520
Invesco DB Silver Fund*‡		103,180		2,661,735
iShares Gold Trust*		417,500		13,163,775

Total Commodity				26,471,548

Equity (3.4%)
iShares China Large-Cap ETF(x)		59,385		1,535,696
iShares International Developed Property ETF‡		125,310		3,110,858
iShares MSCI EAFE Small-Cap ETF(x)		102,970		5,022,877
SPDR S&P Emerging Asia Pacific ETF(x)		13,450		1,205,524
SPDR S&P Emerging Markets SmallCap ETF(x)		42,045		1,915,570

Total Equity				12,790,525

Fixed Income (1.9%)
iShares JP Morgan USD Emerging Markets Bond ETF(x)		89,060		7,071,364

Total Exchange Traded Funds (12.4%) (Cost $44,348,725)				46,333,437

INVESTMENT COMPANIES:
Alternatives (13.9%)
1290 VT Convertible Securities Portfolio‡		1,327,497		10,778,977
1290 VT GAMCO Mergers & Acquisitions Portfolio‡		1,752,948		20,490,057
1290 VT Natural Resources Portfolio‡		826,227		7,144,403
1290 VT Real Estate Portfolio‡		2,643,993		13,510,194

Total Alternatives				51,923,631

Equity (52.5%)
1290 VT Equity Income Portfolio‡		1,882,518		8,627,545
1290 VT GAMCO Small Company Value Portfolio‡		409,699		23,761,635
1290 VT SmartBeta Equity ESG Portfolio‡		628,669		8,836,268
EQ/AB Small Cap Growth Portfolio*‡		1,805,206		25,660,931
EQ/Emerging Markets Equity PLUS Portfolio‡		915,853		7,231,016
EQ/International Equity Index Portfolio‡		1,157,049		9,178,178
EQ/Invesco Comstock Portfolio‡		836,082		15,996,405
EQ/Janus Enterprise Portfolio‡		227,663		4,294,881
EQ/JPMorgan Value Opportunities Portfolio‡		849,788		15,109,948
EQ/Loomis Sayles Growth Portfolio*‡		2,238,357		17,848,069
EQ/MFS International Growth Portfolio‡		4,581,411		28,253,628
EQ/T. Rowe Price Growth Stock Portfolio‡		347,394		16,921,285
EQ/Value Equity Portfolio‡		805,498		14,044,236

Total Equity				195,764,025

Fixed Income (21.0%)
1290 Diversified Bond Fund‡		598,191		5,210,242
1290 VT DoubleLine Opportunistic Bond Portfolio‡		1,020,639		8,807,210
1290 VT High Yield Bond Portfolio‡		1,402,128		11,770,793
EQ/Core Plus Bond Portfolio‡		5,917,983		20,313,766
EQ/Intermediate Government Bond Portfolio‡		327,408		3,093,198
EQ/PIMCO Global Real Return Portfolio‡		1,732,457		14,039,795
EQ/PIMCO Ultra Short Bond Portfolio‡		794,708		7,700,772
Multimanager Core Bond Portfolio‡		844,160		7,089,195

Total Fixed Income				78,024,971

Total Investment Companies (87.4%) (Cost $386,886,127)				325,712,627

SHORT-TERM INVESTMENTS:
Investment Company (0.5%)
Dreyfus Treasury Obligations Cash Management Fund(xx)		2,000,000		2,000,000


	Principal Amount		Value (Note 1)
Repurchase Agreement (2.5%)
Deutsche Bank Securities, Inc., 2.97%, dated 9/30/22, due 10/3/22, repurchase price $9,188,628, collateralized by various U.S. Government Treasury Securities, 0.000%, maturing 11/15/22-5/15/52; total market value $9,370,082.(xx)	$	9,186,355		9,186,355

Total Short-Term Investments (3.0%) (Cost $11,186,355)				11,186,355

Total Investments in Securities (102.8%) (Cost $442,421,207)				383,232,419
Other Assets Less Liabilities (-2.8%)				(10,584,755	)

Net Assets (100%)			$	372,647,664

*	Non-income producing.

‡	All, or a portion, of the security is an affiliated company as defined under the Investment Company Act of 1940.

(x)

All or a portion of security is on loan at September 30, 2022.

(xx)

At September 30, 2022, the Portfolio had loaned securities with a total value of $10,959,369. This was collateralized by $9,307 of various U.S. Government Treasury Securities, ranging from 0.125% - 4.750%, maturing 1/31/24 - 5/15/50 and by cash of $11,186,355 which was subsequently invested in an investment company and joint repurchase agreements.

The holdings in affiliated Investment Companies are all Class K shares except for the following: 1290 Diversified Bond Fund are Class I shares.

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/ALL ASSET GROWTH ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

Investments in companies which were affiliates for nine months ended September 30, 2022, were as follows:


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)			Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
EXCHANGE TRADED FUNDS (ETF):
Commodity
Invesco DB Gold Fund*		92,800		6,963,215		—		(2,244,515	)		206,733			(579,915	)		4,345,518		—		—
Invesco DB Precious Metals Fund*		146,790		7,194,178		—		—			—			(893,658	)		6,300,520		—		—
Invesco DB Silver Fund*		103,180		3,327,906		—		—			—			(666,171	)		2,661,735		—		—
Equity
iShares International Developed Property ETF		125,310		4,668,725		—		—			—			(1,557,867	)		3,110,858		90,178		—
INVESTMENT COMPANIES:
Alternatives
1290 VT Convertible Securities Portfolio		1,327,497		14,202,549		592,217		(814,401	)		(46,025	)		(3,155,363	)		10,778,977		—		—
1290 VT GAMCO Mergers & Acquisitions Portfolio		1,752,948		24,404,288		168,325		(1,701,601	)		1,434			(2,382,389	)		20,490,057		—		—
1290 VT Natural Resources Portfolio		826,227		8,507,447		64,124		(2,515,372	)		(103,597	)		1,191,801			7,144,403		—		—
1290 VT Real Estate Portfolio		2,643,993		21,582,233		144,279		(2,197,087	)		(179,522	)		(5,839,709	)		13,510,194		—		—
Equity
1290 VT Equity Income Portfolio		1,882,518		10,403,017		64,122		(705,372	)		56,069			(1,190,291	)		8,627,545		—		—
1290 VT GAMCO Small Company Value Portfolio		409,699		31,052,222		990,465		(1,745,145	)		(21,936	)		(6,513,971	)		23,761,635		—		—
1290 VT Low Volatility Global Equity Portfolio		—		12,784,387		221		(12,693,944	)		2,397,036			(2,487,700	)		—		—		—
1290 VT SmartBeta Equity ESG Portfolio(a)		628,669		—		12,772,103		(1,330,096	)		(111,510	)		(2,494,229	)		8,836,268		—		—
EQ/AB Small Cap Growth Portfolio*		1,805,206		39,265,125		1,070,620		(2,326,860	)		196			(12,348,150	)		25,660,931		—		—
EQ/Emerging Markets Equity PLUS Portfolio		915,853		6,902,790		3,122,140		(523,543	)		54			(2,270,425	)		7,231,016		—		—
EQ/International Equity Index Portfolio		1,157,049		11,459,681		1,488,171		(639,886	)		(3,399	)		(3,126,389	)		9,178,178		—		—
EQ/Invesco Comstock Portfolio		836,082		20,180,147		152,294		(2,095,258	)		291,428			(2,532,206	)		15,996,405		—		—
EQ/Janus Enterprise Portfolio		227,663		3,157,838		2,316,031		(116,343	)		(43	)		(1,062,602	)		4,294,881		—		—
EQ/JPMorgan Value Opportunities Portfolio		849,788		17,935,796		160,310		(1,163,430	)		15,930			(1,838,658	)		15,109,948		—		—
EQ/Loomis Sayles Growth Portfolio*		2,238,357		27,186,320		684,356		(1,337,944	)		(68,906	)		(8,615,757	)		17,848,069		—		—
EQ/MFS International Growth Portfolio		4,581,411		35,550,921		4,014,511		(1,919,659	)		(10,797	)		(9,381,348	)		28,253,628		—		—
EQ/T. Rowe Price Growth Stock Portfolio		347,394		26,965,348		1,684,356		(1,337,944	)		(98,360	)		(10,292,115	)		16,921,285		—		—
EQ/Value Equity Portfolio		805,498		18,491,727		902,294		(1,105,258	)		(31,253	)		(4,213,274	)		14,044,236		—		—
Fixed Income
1290 Diversified Bond Fund		598,191		6,238,920		112,589		—			—			(1,141,267	)		5,210,242		112,589		—
1290 VT DoubleLine Opportunistic Bond Portfolio		1,020,639		11,710,119		88,171		(1,439,886	)		(71,997	)		(1,479,197	)		8,807,210		—		—
1290 VT High Yield Bond Portfolio		1,402,128		15,101,999		104,201		(1,506,229	)		(73,250	)		(1,855,928	)		11,770,793		—		—
EQ/Core Plus Bond Portfolio		5,917,983		27,115,626		192,372		(3,086,116	)		(271,642	)		(3,636,474	)		20,313,766		—		—

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/ALL ASSET GROWTH ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)			Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
EQ/Intermediate Government Bond Portfolio		327,408		3,632,055		40,077		(290,857	)		(8,273	)		(279,804	)		3,093,198		—		—
EQ/PIMCO Global Real Return Portfolio		1,732,457		20,255,588		722,294		(3,905,258	)		(114,278	)		(2,918,551	)		14,039,795		—		—
EQ/PIMCO Ultra Short Bond Portfolio		794,708		10,464,800		88,171		(2,739,886	)		(36,037	)		(76,276	)		7,700,772		—		—
Multimanager Core Bond Portfolio		844,160		9,927,357		184,669		(1,665,372	)		(106,521	)		(1,250,938	)		7,089,195		141,993		—

Total				456,632,324		31,923,483		(53,147,262	)		1,611,534			(94,888,821	)		342,131,258		344,760		—

(a)	Formerly known as 1290 VT SmartBeta Equity Portfolio.

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/ALL ASSET GROWTH ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Exchange Traded Funds
Exchange Traded Funds	$	46,333,437	$	—	$	—	$	46,333,437
Investment Companies
Investment Companies		5,210,242		320,502,385		—		325,712,627
Short-Term Investments
Investment Company		2,000,000		—		—		2,000,000
Repurchase Agreement		—		9,186,355		—		9,186,355

Total Assets	$	53,543,679	$	329,688,740	$	—	$	383,232,419

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	53,543,679	$	329,688,740	$	—	$	383,232,419

As of September 30, 2022, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments in securities and derivative instruments, if applicable, for Federal income tax purposes was as follows:


Aggregate gross unrealized appreciation	$	7,498,417
Aggregate gross unrealized depreciation		(73,493,208	)

Net unrealized depreciation	$	(65,994,791	)

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	449,227,210

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/ULTRA CONSERVATIVE STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
Equity (9.6%)
EQ/2000 Managed Volatility Portfolio‡		3,203,633	$	53,389,300
EQ/400 Managed Volatility Portfolio‡		364,630		7,115,972
EQ/500 Managed Volatility Portfolio‡		4,910,773		124,373,129
EQ/International Managed Volatility Portfolio‡		2,813,001		29,938,512

Total Equity				214,816,913

Fixed Income (89.9%)
EQ/Intermediate Government Bond Portfolio‡		213,260,154		2,014,779,177

Total Investments in Securities (99.5%) (Cost $2,346,039,350)				2,229,596,090
Other Assets Less Liabilities (0.5%)				12,046,125

Net Assets (100%)			$	2,241,642,215

‡	All, or a portion, of the security is an affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class K shares.

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/ULTRA CONSERVATIVE STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

Investments in companies which were affiliates for nine months ended September 30, 2022, were as follows:


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)			Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
INVESTMENT COMPANIES:
Equity
EQ/2000 Managed Volatility Portfolio		3,203,633		23,081,328		48,694,566		(10,035,246	)		(10,946	)		(8,340,402	)		53,389,300		—		—
EQ/400 Managed Volatility Portfolio		364,630		2,576,932		6,589,457		(1,003,525	)		(1,716	)		(1,045,176	)		7,115,972		—		—
EQ/500 Managed Volatility Portfolio		4,910,773		59,995,410		110,357,501		(24,381,065	)		(9,407	)		(21,589,310	)		124,373,129		—		—
EQ/International Managed Volatility Portfolio		2,813,001		13,356,244		28,836,738		(6,021,147	)		(7,068	)		(6,226,255	)		29,938,512		—		—
Fixed Income
EQ/Intermediate Government Bond Portfolio		213,260,154		833,240,520		1,652,204,357		(370,868,841	)		(7,974	)		(99,788,885	)		2,014,779,177		—		—

Total				932,250,434		1,846,682,619		(412,309,824	)		(37,111	)		(136,990,028	)		2,229,596,090		—		—

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/ULTRA CONSERVATIVE STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Investment Companies
Investment Companies	$	—	$	2,229,596,090	$	—	$	2,229,596,090

Total Assets	$	—	$	2,229,596,090	$	—	$	2,229,596,090

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	—	$	2,229,596,090	$	—	$	2,229,596,090


Aggregate gross unrealized appreciation	$	—
Aggregate gross unrealized depreciation		(116,857,779	)

Net unrealized depreciation	$	(116,857,779	)

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	2,346,453,869

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/CONSERVATIVE STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
Equity (19.3%)
EQ/2000 Managed Volatility Portfolio‡		1,695,758	$	28,260,206
EQ/400 Managed Volatility Portfolio‡		310,343		6,056,521
EQ/500 Managed Volatility Portfolio‡		2,786,400		70,570,016
EQ/International Managed Volatility Portfolio‡		1,558,836		16,590,548

Total Equity				121,477,291

Fixed Income (80.9%)
EQ/AB Short Duration Government Bond Portfolio‡		4,366,376		42,060,517
EQ/Core Bond Index Portfolio‡		21,945,872		198,726,189
EQ/Intermediate Government Bond Portfolio‡		22,847,988		215,856,780
EQ/Long-Term Bond Portfolio‡		7,536,275		52,735,836

Total Fixed Income				509,379,322

Total Investments in Securities (100.2%) (Cost $664,218,607)				630,856,613
Other Assets Less Liabilities (-0.2%)				(1,422,502	)

Net Assets (100%)			$	629,434,111

‡	All, or a portion, of the security is an affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class K shares.

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/CONSERVATIVE STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

Investments in companies which were affiliates for nine months ended September 30, 2022, were as follows:


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)			Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
INVESTMENT COMPANIES:
Equity
EQ/2000 Managed Volatility Portfolio		1,695,758		39,230,413		7,824,993		(8,978,707	)		(310,957	)		(9,505,536	)		28,260,206		—		—
EQ/400 Managed Volatility Portfolio		310,343		4,764,247		3,522,499		(797,871	)		(10,776	)		(1,421,578	)		6,056,521		—		—
EQ/500 Managed Volatility Portfolio		2,786,400		106,319,567		13,239,982		(24,748,896	)		2,203,203			(26,443,840	)		70,570,016		—		—
EQ/International Managed Volatility Portfolio		1,558,836		23,431,249		4,073,746		(4,388,289	)		18,763			(6,544,921	)		16,590,548		—		—
Fixed Income
EQ/AB Short Duration Government Bond Portfolio		4,366,376		50,303,124		4,269,990		(11,394,448	)		(171,014	)		(947,135	)		42,060,517		—		—
EQ/Core Bond Index Portfolio		21,945,872		255,567,246		21,933,703		(54,669,045	)		(1,636,370	)		(22,469,345	)		198,726,189		—		—
EQ/Intermediate Government Bond Portfolio		22,847,988		271,273,434		22,767,451		(56,945,851	)		(1,026,557	)		(20,211,697	)		215,856,780		—		—
EQ/Long-Term Bond Portfolio		7,536,275		87,372,484		7,567,481		(18,351,025	)		(2,346,681	)		(21,506,423	)		52,735,836		—		—

Total				838,261,764		85,199,845		(180,274,132	)		(3,280,389	)		(109,050,475	)		630,856,613		—		—

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/CONSERVATIVE STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Investment Companies
Investment Companies	$	—	$	630,856,613	$	—	$	630,856,613

Total Assets	$	—	$	630,856,613	$	—	$	630,856,613

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	—	$	630,856,613	$	—	$	630,856,613


Aggregate gross unrealized appreciation	$	38,573,982
Aggregate gross unrealized depreciation		(72,175,739	)

Net unrealized depreciation	$	(33,601,757	)

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	664,458,370

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/CONSERVATIVE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
Equity (38.8%)
EQ/2000 Managed Volatility Portfolio‡		6,087,864	$	101,455,700
EQ/400 Managed Volatility Portfolio‡		954,883		18,635,094
EQ/500 Managed Volatility Portfolio‡		9,875,816		250,120,722
EQ/International Managed Volatility Portfolio‡		5,500,175		58,537,862

Total Equity				428,749,378

Fixed Income (61.2%)
EQ/AB Short Duration Government Bond Portfolio‡		5,699,953		54,906,631
EQ/Core Bond Index Portfolio‡		27,807,044		251,800,785
EQ/Intermediate Government Bond Portfolio‡		29,084,145		274,772,990
EQ/Long-Term Bond Portfolio‡		13,442,088		94,062,358

Total Fixed Income				675,542,764

Total Investments in Securities (100.0%) (Cost $1,074,752,763)				1,104,292,142
Other Assets Less Liabilities (0.0%)†				399,736

Net Assets (100%)			$	1,104,691,878

†	Percent shown is less than 0.05%.

‡	All, or a portion, of the security is an affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class K shares.

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/CONSERVATIVE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

Investments in companies which were affiliates for nine months ended September 30, 2022, were as follows:


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)			Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
INVESTMENT COMPANIES:
Equity
EQ/2000 Managed Volatility Portfolio		6,087,864		147,336,058		24,028,662		(32,771,427	)		(519,664	)		(36,617,929	)		101,455,700		—		—
EQ/400 Managed Volatility Portfolio		954,883		17,600,625		8,543,965		(2,745,787	)		(9,099	)		(4,754,610	)		18,635,094		—		—
EQ/500 Managed Volatility Portfolio		9,875,816		399,686,125		25,155,168		(84,498,897	)		14,209,208			(104,430,882	)		250,120,722		—		—
EQ/International Managed Volatility Portfolio		5,500,175		88,866,046		9,552,800		(15,788,277	)		30,917			(24,123,624	)		58,537,862		—		—
Fixed Income
EQ/AB Short Duration Government Bond Portfolio		5,699,953		70,693,912		3,797,844		(18,056,043	)		(248,194	)		(1,280,888	)		54,906,631		—		—
EQ/Core Bond Index Portfolio		27,807,044		343,243,162		18,456,246		(78,320,876	)		(2,603,682	)		(28,974,065	)		251,800,785		—		—
EQ/Intermediate Government Bond Portfolio		29,084,145		365,661,692		19,578,227		(82,593,769	)		(1,927,228	)		(25,945,932	)		274,772,990		—		—
EQ/Long-Term Bond Portfolio		13,442,088		162,369,118		5,683,618		(30,203,661	)		(5,386,782	)		(38,399,935	)		94,062,358		—		—

Total				1,595,456,738		114,796,530		(344,978,737	)		3,545,476			(264,527,865	)		1,104,292,142		—		—

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/CONSERVATIVE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Investment Companies
Investment Companies	$	—	$	1,104,292,142	$	—	$	1,104,292,142

Total Assets	$	—	$	1,104,292,142	$	—	$	1,104,292,142

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	—	$	1,104,292,142	$	—	$	1,104,292,142


Aggregate gross unrealized appreciation	$	133,112,809
Aggregate gross unrealized depreciation		(103,704,106	)

Net unrealized appreciation	$	29,408,703

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	1,074,883,439

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/BALANCED STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
Equity (49.0%)
EQ/2000 Managed Volatility Portfolio‡		21,502,705	$	358,347,669
EQ/400 Managed Volatility Portfolio‡		3,282,415		64,058,256
EQ/500 Managed Volatility Portfolio‡		35,022,403		886,997,978
EQ/International Managed Volatility Portfolio‡		19,391,288		206,379,725

Total Equity				1,515,783,628

Fixed Income (51.1%)
EQ/AB Short Duration Government Bond Portfolio‡		13,173,795		126,900,809
EQ/Core Bond Index Portfolio‡		63,528,005		575,264,372
EQ/Intermediate Government Bond Portfolio‡		66,239,221		625,796,244
EQ/Long-Term Bond Portfolio‡		36,417,063		254,832,043

Total Fixed Income				1,582,793,468

Total Investments in Securities (100.1%) (Cost $2,982,142,574)				3,098,577,096
Other Assets Less Liabilities (-0.1%)				(3,102,342	)

Net Assets (100%)			$	3,095,474,754

‡	All, or a portion, of the security is an affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class K shares.

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/BALANCED STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

Investments in companies which were affiliates for nine months ended September 30, 2022, were as follows:


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)			Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
INVESTMENT COMPANIES:
Equity
EQ/2000 Managed Volatility Portfolio		21,502,705		508,975,951		63,085,849		(84,579,541	)		(781,802	)		(128,352,788	)		358,347,669		—		—
EQ/400 Managed Volatility Portfolio		3,282,415		58,429,494		28,538,351		(6,997,912	)		(31,611	)		(15,880,066	)		64,058,256		—		—
EQ/500 Managed Volatility Portfolio		35,022,403		1,380,438,589		50,020,446		(227,899,896	)		(18,502,757	)		(297,058,404	)		886,997,978		—		—
EQ/International Managed Volatility Portfolio		19,391,288		307,521,976		22,034,771		(39,188,309	)		24,300			(84,013,013	)		206,379,725		—		—
Fixed Income
EQ/AB Short Duration Government Bond Portfolio		13,173,795		160,931,313		6,965,056		(37,493,737	)		(705,856	)		(2,795,967	)		126,900,809		—		—
EQ/Core Bond Index Portfolio		63,528,005		763,165,646		33,139,258		(150,271,190	)		(4,833,858	)		(65,935,484	)		575,264,372		—		—
EQ/Intermediate Government Bond Portfolio		66,239,221		814,184,071		36,832,268		(162,769,937	)		(3,916,145	)		(58,534,013	)		625,796,244		—		—
EQ/Long-Term Bond Portfolio		36,417,063		422,092,609		6,602,155		(58,782,463	)		(11,240,311	)		(103,839,947	)		254,832,043		—		—

Total				4,415,739,649		247,218,154		(767,982,985	)		(39,988,040	)		(756,409,682	)		3,098,577,096		—		—

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/BALANCED STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Investment Companies
Investment Companies	$	—	$	3,098,577,096	$	—	$	3,098,577,096

Total Assets	$	—	$	3,098,577,096	$	—	$	3,098,577,096

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	—	$	3,098,577,096	$	—	$	3,098,577,096


Aggregate gross unrealized appreciation	$	396,182,688
Aggregate gross unrealized depreciation		(280,457,676	)

Net unrealized appreciation	$	115,725,012

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	2,982,852,084

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/MODERATE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
Equity (59.2%)
EQ/2000 Managed Volatility Portfolio‡		43,672,235	$	727,808,142
EQ/400 Managed Volatility Portfolio‡		6,948,444		135,602,968
EQ/500 Managed Volatility Portfolio‡		71,270,329		1,805,034,275
EQ/International Managed Volatility Portfolio‡		39,078,652		415,910,563

Total Equity				3,084,355,948

Fixed Income (40.9%)
EQ/AB Short Duration Government Bond Portfolio‡		17,656,977		170,086,503
EQ/Core Bond Index Portfolio‡		84,344,202		763,761,025
EQ/Intermediate Government Bond Portfolio‡		87,629,163		827,878,109
EQ/Long-Term Bond Portfolio‡		52,738,815		369,045,137

Total Fixed Income				2,130,770,774

Total Investments in Securities (100.1%) (Cost $4,646,585,532)				5,215,126,722
Other Assets Less Liabilities (-0.1%)				(3,573,937	)

Net Assets (100%)			$	5,211,552,785

‡	All, or a portion, of the security is an affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class K shares.

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/MODERATE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

Investments in companies which were affiliates for nine months ended September 30, 2022, were as follows:


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)			Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
INVESTMENT COMPANIES:
Equity
EQ/2000 Managed Volatility Portfolio		43,672,235		1,022,967,719		109,412,522		(144,614,506	)		(2,971,736	)		(256,985,857	)		727,808,142		—		—
EQ/400 Managed Volatility Portfolio		6,948,444		137,732,051		47,817,028		(14,375,889	)		20,211			(35,590,433	)		135,602,968		—		—
EQ/500 Managed Volatility Portfolio		71,270,329		2,782,568,589		53,593,158		(390,432,566	)		57,254,606			(697,949,512	)		1,805,034,275		—		—
EQ/International Managed Volatility Portfolio		39,078,652		616,194,495		37,996,994		(69,825,745	)		133,341			(168,588,522	)		415,910,563		—		—
Fixed Income
EQ/AB Short Duration Government Bond Portfolio		17,656,977		215,259,941		9,757,763		(50,244,381	)		(938,190	)		(3,748,630	)		170,086,503		—		—
EQ/Core Bond Index Portfolio		84,344,202		1,006,771,408		44,259,934		(193,799,712	)		(5,697,259	)		(87,773,346	)		763,761,025		—		—
EQ/Intermediate Government Bond Portfolio		87,629,163		1,071,058,896		49,936,228		(210,907,109	)		(3,378,299	)		(78,831,607	)		827,878,109		—		—
EQ/Long-Term Bond Portfolio		52,738,815		597,609,634		7,085,143		(71,879,443	)		(13,506,498	)		(150,263,699	)		369,045,137		—		—

Total				7,450,162,733		359,858,770		(1,146,079,351	)		30,916,176			(1,479,731,606	)		5,215,126,722		—		—

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/MODERATE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Investment Companies
Investment Companies	$	—	$	5,215,126,722	$	—	$	5,215,126,722

Total Assets	$	—	$	5,215,126,722	$	—	$	5,215,126,722

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	—	$	5,215,126,722	$	—	$	5,215,126,722


Aggregate gross unrealized appreciation	$	934,837,677
Aggregate gross unrealized depreciation		(365,873,216	)

Net unrealized appreciation	$	568,964,461

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	4,646,162,261

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
Equity (69.6%)
EQ/2000 Managed Volatility Portfolio‡		41,638,586	$	693,916,898
EQ/400 Managed Volatility Portfolio‡		6,331,642		123,565,728
EQ/500 Managed Volatility Portfolio‡		68,262,200		1,728,848,648
EQ/International Managed Volatility Portfolio‡		37,035,812		394,168,800

Total Equity				2,940,500,074

Fixed Income (30.5%)
EQ/AB Short Duration Government Bond Portfolio‡		10,880,787		104,812,677
EQ/Core Bond Index Portfolio‡		49,699,479		450,043,089
EQ/Intermediate Government Bond Portfolio‡		51,599,533		487,487,530
EQ/Long-Term Bond Portfolio‡		35,088,157		245,532,891

Total Fixed Income				1,287,876,187

Total Investments in Securities (100.1%) (Cost $3,827,093,694)				4,228,376,261
Other Assets Less Liabilities (-0.1%)				(4,093,600	)

Net Assets (100%)			$	4,224,282,661

‡	All, or a portion, of the security is an affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class K shares.

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

Investments in companies which were affiliates for nine months ended September 30, 2022, were as follows:


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)			Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
INVESTMENT COMPANIES:
Equity
EQ/2000 Managed Volatility Portfolio		41,638,586		966,841,392		79,664,483		(106,000,954	)		1,320,722			(247,908,745	)		693,916,898		—		—
EQ/400 Managed Volatility Portfolio		6,331,642		127,776,833		39,322,293		(11,058,936	)		21,756			(32,496,218	)		123,565,728		—		—
EQ/500 Managed Volatility Portfolio		68,262,200		2,619,963,749		19,518,132		(299,387,651	)		15,765,122			(627,010,704	)		1,728,848,648		—		—
EQ/International Managed Volatility Portfolio		37,035,812		574,733,694		32,861,459		(55,294,679	)		71,541			(158,203,215	)		394,168,800		—		—
Fixed Income
EQ/AB Short Duration Government Bond Portfolio		10,880,787		128,534,647		6,072,293		(26,958,936	)		(480,092	)		(2,355,235	)		104,812,677		—		—
EQ/Core Bond Index Portfolio		49,699,479		586,502,212		24,561,461		(106,144,679	)		(3,089,144	)		(51,786,761	)		450,043,089		—		—
EQ/Intermediate Government Bond Portfolio		51,599,533		625,314,465		26,832,997		(116,327,046	)		(2,829,793	)		(45,503,093	)		487,487,530		—		—
EQ/Long-Term Bond Portfolio		35,088,157		384,028,977		5,331,484		(37,323,908	)		(6,672,629	)		(99,831,033	)		245,532,891		—		—

Total				6,013,695,969		234,164,602		(758,496,789	)		4,107,483			(1,265,095,004	)		4,228,376,261		—		—

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Investment Companies
Investment Companies	$	—	$	4,228,376,261	$	—	$	4,228,376,261

Total Assets	$	—	$	4,228,376,261	$	—	$	4,228,376,261

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	—	$	4,228,376,261	$	—	$	4,228,376,261


Aggregate gross unrealized appreciation	$	686,884,692
Aggregate gross unrealized depreciation		(285,824,002	)

Net unrealized appreciation	$	401,060,690

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	3,827,315,571

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/AGGRESSIVE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
INVESTMENT COMPANIES:
Equity (80.2%)
EQ/2000 Managed Volatility Portfolio‡		48,194,333	$	803,169,978
EQ/400 Managed Volatility Portfolio‡		7,096,246		138,487,421
EQ/500 Managed Volatility Portfolio‡		83,395,611		2,112,126,302
EQ/International Managed Volatility Portfolio‡		43,270,643		460,525,542

Total Equity				3,514,309,243

Fixed Income (19.9%)
EQ/AB Short Duration
Government Bond Portfolio‡		7,366,259		70,957,852
EQ/Core Bond Index Portfolio‡		33,351,957		302,011,569
EQ/Intermediate Government Bond Portfolio‡		34,467,331		325,630,734
EQ/Long-Term Bond Portfolio‡		24,874,673		174,063,014

Total Fixed Income				872,663,169

Total Investments in Securities (100.1%) (Cost $4,330,565,600)				4,386,972,412
Other Assets Less Liabilities (-0.1%)				(4,131,989	)

Net Assets (100%)			$	4,382,840,423

‡	All, or a portion, of the security is an affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class K shares.

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/AGGRESSIVE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

Investments in companies which were affiliates for nine months ended September 30, 2022, were as follows:


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)			Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
INVESTMENT COMPANIES:
Equity
EQ/2000 Managed Volatility Portfolio		48,194,333		1,121,672,899		46,670,683		(78,371,753	)		21,228			(286,823,079	)		803,169,978		—		—
EQ/400 Managed Volatility Portfolio		7,096,246		148,884,564		36,085,615		(9,259,441	)		35,284			(37,258,601	)		138,487,421		—		—
EQ/500 Managed Volatility Portfolio		83,395,611		3,045,189,488		13,337,392		(220,057,214	)		(470,339	)		(725,873,025	)		2,112,126,302		—		—
EQ/International Managed Volatility Portfolio		43,270,643		663,315,188		22,110,273		(41,667,485	)		25,812			(183,258,246	)		460,525,542		—		—
Fixed Income
EQ/AB Short Duration Government Bond Portfolio		7,366,259		85,347,720		2,221,370		(14,705,665	)		(281,788	)		(1,623,785	)		70,957,852		—		—
EQ/Core Bond Index Portfolio		33,351,957		381,003,199		9,639,039		(52,448,603	)		(1,897,768	)		(34,284,298	)		302,011,569		—		—
EQ/Intermediate Government Bond Portfolio		34,467,331		406,284,131		11,346,164		(60,150,491	)		(2,162,829	)		(29,686,241	)		325,630,734		—		—
EQ/Long-Term Bond Portfolio		24,874,673		261,061,152		2,964,110		(16,666,994	)		(2,693,394	)		(70,601,860	)		174,063,014		—		—

Total				6,112,758,341		144,374,646		(493,327,646	)		(7,423,794	)		(1,369,409,135	)		4,386,972,412		—		—

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQ/AGGRESSIVE GROWTH STRATEGY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Investment Companies
Investment Companies	$	—	$	4,386,972,412	$	—	$	4,386,972,412

Total Assets	$	—	$	4,386,972,412	$	—	$	4,386,972,412

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	—	$	4,386,972,412	$	—	$	4,386,972,412


Aggregate gross unrealized appreciation	$	413,568,791
Aggregate gross unrealized depreciation		(365,953,645	)

Net unrealized appreciation	$	47,615,146

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	4,339,357,266

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQUITABLE CONSERVATIVE GROWTH MF/ETF PORTFOLIO (FORMERLY 1290 VT DOUBLELINE DYNAMIC ALLOCATION PORTFOLIO)

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
EXCHANGE TRADED FUNDS (ETF):
Equity (11.9%)
iShares Core S&P Total US Stock Market ETF		8,300	$	660,182
iShares Core S&P U.S. Value ETF		49,500		3,099,196
iShares MSCI Global Min Vol Factor ETF		36,300		3,214,728
SPDR Portfolio Developed World ex-US ETF		28,900		745,620

Total Equity				7,719,726

Fixed Income (21.1%)
Vanguard Intermediate-Term Corporate Bond ETF		44,500		3,367,760
Vanguard Total Bond Market ETF		145,600		10,385,648

Total Fixed Income				13,753,408

Total Exchange Traded Funds (33.0%) (Cost $23,431,215)				21,473,134

INVESTMENT COMPANIES:
Equity (19.9%)
1290 GAMCO Small/Mid Cap Value Fund‡		233,584		2,950,165
1290 SmartBeta Equity Fund‡		538,641		7,088,517
AB Small Cap Growth Portfolio*‡		56,576		2,884,835

Total Equity				12,923,517

Fixed Income (44.9%)
1290 Diversified Bond Fund‡		2,681,962		23,359,886
1290 High Yield Bond Fund‡		762,123		5,906,454

Total Fixed Income				29,266,340

Total Investment Companies (64.8%) (Cost $46,654,938)				42,189,857

Total Investments in Securities (97.8%) (Cost $70,086,153)				63,662,991
Other Assets Less Liabilities (2.2%)				1,470,222

Net Assets (100%)			$	65,133,213

*	Non-income producing.

‡	All, or a portion, of the security is an affiliated company as defined under the Investment Company Act of 1940.

The holdings in affiliated Investment Companies are all Class I shares except for AB Small Cap Growth Portfolio which are Class Z shares.

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQUITABLE CONSERVATIVE GROWTH MF/ETF PORTFOLIO (FORMERLY 1290 VT DOUBLELINE DYNAMIC ALLOCATION PORTFOLIO)

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

Investments in companies which were affiliates for the nine months ended September 30, 2022, were as follows:


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)			Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
INVESTMENT COMPANIES:
Fixed Income
1290 Diversified Bond Fund		2,681,962		—		25,236,535		(129,760	)		(4,607	)		(1,742,282	)		23,359,886		—		—
1290 High Yield Bond Fund		762,123		—		6,426,375		(32,921	)		(962	)		(486,038	)		5,906,454		55,944		—
DoubleLine Floating Rate Fund		—		2,394,647		—		(2,314,323	)		(108,938	)		28,614			—		52,375		—
DoubleLine Global Bond Fund		—		2,091,618		—		(1,860,232	)		(318,746	)		87,360			—		—		—
Equity
1290 GAMCO Small/Mid Cap Value Fund		233,584		—		3,582,465		(17,542	)		(71	)		(614,687	)		2,950,165		—		—
1290 SmartBeta Equity Fund		538,641		—		8,246,263		(42,532	)		(2,096	)		(1,113,118	)		7,088,517		—		—
AB Small Cap Growth Portfolio*		56,576		—		3,412,466		(17,542	)		(1,134	)		(508,955	)		2,884,835		—		—

Total				4,486,265		46,904,104		(4,414,852	)		(436,554	)		(4,349,106	)		42,189,857		108,319		—

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQUITABLE CONSERVATIVE GROWTH MF/ETF PORTFOLIO (FORMERLY 1290 VT DOUBLELINE DYNAMIC ALLOCATION PORTFOLIO)

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Exchange Traded Funds
Exchange Traded Funds	$	21,473,134	$	—	$	—	$	21,473,134
Investment Companies
Investment Companies		42,189,857		—		—		42,189,857

Total Assets	$	63,662,991	$	—	$	—	$	63,662,991

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	63,662,991	$	—	$	—	$	63,662,991


Aggregate gross unrealized appreciation	$	—
Aggregate gross unrealized depreciation		(6,647,608	)

Net unrealized depreciation	$	(6,647,608	)

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	70,310,599

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQUITABLE MODERATE GROWTH MF/ETF PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
EXCHANGE TRADED FUNDS (ETF):
Equity (15.6%)
iShares Core S&P Total US Stock Market ETF(x)		2,280	$	181,351
iShares Core S&P U.S. Value ETF(x)		7,245		453,609
iShares MSCI Global Min Vol Factor ETF(x)		7,660		678,370
SPDR Portfolio Developed World ex-US ETF(x)		3,290		84,882
Vanguard FTSE Emerging Markets ETF		1,150		41,963

Total Equity				1,440,175

Fixed Income (14.4%)
Vanguard Intermediate-Term Corporate Bond ETF(x)		6,060		458,621
Vanguard Total Bond Market ETF		12,220		871,653

Total Fixed Income				1,330,274

Total Exchange Traded Funds (30.0%) (Cost $3,125,282)				2,770,449

INVESTMENT COMPANIES:
Equity (37.4%)
1290 GAMCO Small/Mid Cap Value Fund‡		57,544		726,781
1290 SmartBeta Equity Fund‡		149,239		1,963,983
AB Small Cap Growth Portfolio*‡		14,907		760,100

Total Equity				3,450,864

Fixed Income (30.3%)
1290 Diversified Bond Fund‡		267,698		2,331,650
1290 High Yield Bond Fund‡		60,498		468,862

Total Fixed Income				2,800,512

Total Investment Companies (67.7%) (Cost $7,608,695)				6,251,376

SHORT-TERM INVESTMENTS:
Investment Companies (2.2%)
Dreyfus Treasury Obligations Cash Management Fund(xx)		100,000		100,000
JPMorgan Prime Money Market Fund, IM Shares		105,985		106,028

Total Investment Companies				206,028


	Principal Amount		Value (Note 1)
Repurchase Agreement (14.6%)
Natwest Markets Securities, Inc., 2.97%, dated 9/30/22, due 10/3/22, repurchase price $1,347,539, collateralized by various U.S. Government Treasury Securities, ranging from 0.875%-7.500%, maturing 1/31/24-2/15/52; total market value $1,374,489.(xx)	$	1,347,205		1,347,205

Total Short-Term Investments (16.8%) (Cost $1,553,221)				1,553,233

Total Investments in Securities (114.5%) (Cost $12,287,198)				10,575,058
Other Assets Less Liabilities (-14.5%)				(1,339,861	)

Net Assets (100%)			$	9,235,197

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQUITABLE MODERATE GROWTH MF/ETF PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

*	Non-income producing.

‡	All, or a portion, of the security is an affiliated company as defined under the Investment Company Act of 1940.

(x)

All or a portion of security is on loan at September 30, 2022.

(xx)

At September 30, 2022, the Portfolio had loaned securities with a total value of $1,541,282. This was collateralized by $153,056 of various U.S. Government Treasury Securities, ranging from 0.000% - 6.125%, maturing 10/6/22 - 5/15/52 and by cash of $1,447,205 which was subsequently invested in an investment company and joint repurchase agreements.

The holdings in affiliated Investment Companies are all Class I shares except for AB Small Cap Growth Portfolio which are Class Z shares.

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQUITABLE MODERATE GROWTH MF/ETF PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

Investments in companies which were affiliates for the period ended September 30, 2022, were as follows:


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)			Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
INVESTMENT COMPANIES:
Equity
1290 GAMCO Small/Mid Cap Value Fund		57,544		—		926,485		(17,969	)		68			(181,803	)		726,781		—		—
1290 SmartBeta Equity Fund		149,239		—		2,611,511		(232,906	)		(16,376	)		(398,246	)		1,963,983		—		—
AB Small Cap Growth Portfolio*		14,907		—		1,034,880		(8,751	)		(138	)		(265,891	)		760,100		—		—
Fixed Income
1290 Diversified Bond Fund		267,698		—		2,871,601		(91,325	)		(852	)		(447,774	)		2,331,650		31,991		—
1290 High Yield Bond Fund		60,498		—		561,620		(28,546	)		(607	)		(63,605	)		468,862		16,410		—

Total				—		8,006,097		(379,497	)		(17,905	)		(1,357,319	)		6,251,376		48,401		—

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQUITABLE MODERATE GROWTH MF/ETF PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Exchange Traded Funds
Exchange Traded Funds	$	2,770,449	$	—	$	—	$	2,770,449
Investment Companies
Investment Companies		6,251,376		—		—		6,251,376
Short-Term Investments
Investment Companies		206,028		—		—		206,028
Repurchase Agreement		—		1,347,205		—		1,347,205

Total Assets	$	9,227,853	$	1,347,205	$	—	$	10,575,058

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	9,227,853	$	1,347,205	$	—	$	10,575,058


Aggregate gross unrealized appreciation	$	12
Aggregate gross unrealized depreciation		(1,712,152	)

Net unrealized depreciation	$	(1,712,140	)

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	12,287,198

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQUITABLE GROWTH MF/ETF PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
EXCHANGE TRADED FUNDS (ETF):
Equity (18.5%)
iShares Core S&P Total US Stock Market ETF(x)		4,110	$	326,909
iShares Core S&P U.S. Value ETF(x)		7,270		455,175
iShares MSCI Global Min Vol Factor ETF		10,730		950,249
Vanguard FTSE Emerging Markets ETF		1,220		44,518

Total Equity				1,776,851

Fixed Income (7.2%)
Vanguard Intermediate-Term Corporate Bond ETF(x)		2,230		168,766
Vanguard Total Bond Market ETF		7,380		526,416

Total Fixed Income				695,182

Total Exchange Traded Funds (25.7%) (Cost $2,817,342)				2,472,033

INVESTMENT COMPANIES:
Equity (54.0%)
1290 GAMCO Small/Mid Cap Value Fund‡		78,233		988,088
1290 SmartBeta Equity Fund‡		241,066		3,172,433
AB Small Cap Growth Portfolio*‡		20,193		1,029,652

Total Equity				5,190,173

Fixed Income (17.3%)
1290 Diversified Bond Fund‡		179,316		1,561,846
1290 High Yield Bond Fund‡		12,619		97,795

Total Fixed Income				1,659,641

Total Investment Companies (71.3%) (Cost $8,310,944)				6,849,814

SHORT-TERM INVESTMENTS:
Investment Company (1.3%)
JPMorgan Prime Money Market Fund, IM Shares		124,059		124,109


	Principal Amount		Value (Note 1)
Repurchase Agreement (8.9%)
Natwest Markets Securities, Inc., 2.97%, dated 9/30/22, due 10/3/22, repurchase price $852,721, collateralized by various U.S. Government Treasury Securities, ranging from 0.875%-7.500%, maturing 1/31/24-2/15/52; total market value $869,776.(xx)	$	852,510		852,510

Total Short-Term Investments (10.2%) (Cost $976,608)				976,619

Total Investments in Securities (107.2%) (Cost $12,104,894)				10,298,466
Other Assets Less Liabilities (-7.2%)				(688,861	)

Net Assets (100%)			$	9,609,605

*	Non-income producing.

‡	All, or a portion, of the security is an affiliated company as defined under the Investment Company Act of 1940.

(x)

All or a portion of security is on loan at September 30, 2022.

(xx)

At September 30, 2022, the Portfolio had loaned securities with a total value of $826,336. This was collateralized by cash of $852,510 which was subsequently invested in joint repurchase agreements.

The holdings in affiliated Investment Companies are all Class I shares except for AB Small Cap Growth Portfolio which are Class Z shares.

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQUITABLE GROWTH MF/ETF PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

Investments in companies which were affiliates for the period ended September 30, 2022, were as follows:


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)			Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
INVESTMENT COMPANIES:
Equity
1290 GAMCO Small/Mid Cap Value Fund		78,233		—		1,250,519		(22,921	)		(1,150	)		(238,360	)		988,088		—		—
1290 SmartBeta Equity Fund		241,066		—		4,084,410		(277,628	)		(4,757	)		(629,592	)		3,172,433		—		—
AB Small Cap Growth Portfolio*		20,193		—		1,387,992		(9,460	)		(894	)		(347,986	)		1,029,652		—		—
Fixed Income
1290 Diversified Bond Fund		179,316		—		1,806,277		(10,350	)		(147	)		(233,934	)		1,561,846		13,827		—
1290 High Yield Bond Fund		12,619		—		670,144		(505,574	)		(55,517	)		(11,258	)		97,795		12,905		—

Total				—		9,199,342		(825,933	)		(62,465	)		(1,461,130	)		6,849,814		26,732		—

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

EQUITABLE GROWTH MF/ETF PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Exchange Traded Funds
Exchange Traded Funds	$	2,472,033	$	—	$	—	$	2,472,033
Investment Companies
Investment Companies		6,849,814		—		—		6,849,814
Short-Term Investments
Investment Company		124,109		—		—		124,109
Repurchase Agreement		—		852,510		—		852,510

Total Assets	$	9,445,956	$	852,510	$	—	$	10,298,466

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	9,445,956	$	852,510	$	—	$	10,298,466


Aggregate gross unrealized appreciation	$	11
Aggregate gross unrealized depreciation		(1,806,439	)

Net unrealized depreciation	$	(1,806,428	)

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	12,104,894

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

1290 VT LOW VOLATILITY GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
EXCHANGE TRADED FUNDS (ETF):
Equity (99.9%)
Invesco S&P 500 High Dividend Low Volatility ETF		5,590	$	218,625
Invesco S&P 500 Low Volatility ETF(x)		3,790		219,176
Invesco S&P Emerging Markets Low Volatility ETF		11,730		246,213
Invesco S&P International Developed Low Volatility ETF(x)		20,930		515,925
Invesco S&P MidCap Low Volatility ETF		5,700		273,828
Invesco S&P SmallCap Low Volatility ETF		3,200		129,824
iShares MSCI EAFE Min Vol Factor ETF(x)		9,540		543,875
iShares MSCI Emerging Markets Min Vol Factor ETF(x)		4,960		251,373
iShares MSCI Global Min Vol Factor ETF(x)		13,890		1,230,098
iShares MSCI USA Min Vol Factor ETF		3,240		214,164
SPDR SSGA US Large Cap Low Volatility Index ETF(x)		1,760		217,166
SPDR SSGA US Small Cap Low Volatility Index ETF		1,380		136,261

Total Exchange Traded Funds (99.9%) (Cost $3,601,540)				4,196,528


	Principal Amount		Value (Note 1)
SHORT-TERM INVESTMENTS:
Repurchase Agreements (26.7%)
Deutsche Bank Securities, Inc., 2.97%, dated 9/30/22, due 10/3/22, repurchase price $970,244, collateralized by various U.S. Government Treasury Securities, 0.000%, maturing 11/15/22-5/15/52; total market value $989,404.(xx)	$	970,004		970,004
MetLife, Inc., 3.05%, dated 9/30/22, due 10/3/22, repurchase price $150,038, collateralized by various U.S. Government Treasury Securities, ranging from 0.000%-1.750%, maturing 1/12/23-11/15/47; total market value $153,074.(xx)		150,000		150,000

Total Repurchase Agreements				1,120,004

Total Short-Term Investments (26.7%) (Cost $1,120,004)				1,120,004

Total Investments in Securities (126.6%) (Cost $4,721,544)				5,316,532
Other Assets Less Liabilities (-26.6%)				(1,115,935	)

Net Assets (100%)			$	4,200,597

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

1290 VT LOW VOLATILITY GLOBAL EQUITY PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

(x)

All or a portion of security is on loan at September 30, 2022.

(xx)

At September 30, 2022, the Portfolio had loaned securities with a total value of $1,087,349. This was collateralized by cash of $1,120,004 which was subsequently invested in joint repurchase agreements.

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Exchange Traded Funds
Exchange Traded Funds	$	4,196,528	$	—	$	—	$	4,196,528
Short-Term Investments
Repurchase Agreements		—		1,120,004		—		1,120,004

Total Assets	$	4,196,528	$	1,120,004	$	—	$	5,316,532

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	4,196,528	$	1,120,004	$	—	$	5,316,532


Aggregate gross unrealized appreciation	$	713,735
Aggregate gross unrealized depreciation		(125,717	)

Net unrealized appreciation	$	588,018

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	4,728,514

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

1290 VT MODERATE GROWTH ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
EXCHANGE TRADED FUNDS (ETF):
Equity (58.4%)
iShares Core MSCI EAFE ETF(x)		207,440	$	10,925,865
iShares Core S&P 500 ETF		29,300		10,508,445
iShares Core S&P Mid-Cap ETF		17,250		3,782,235
iShares Core S&P Small-Cap ETF		8,250		719,317
iShares MSCI EAFE ETF		47,760		2,675,037
iShares Russell 2000 ETF(x)		4,480		738,842
Vanguard Large-Cap ETF(x)		29,560		4,834,834
Vanguard S&P 500 ETF		31,070		10,200,281

Total Equity				44,384,856

Fixed Income (39.4%)
Vanguard Intermediate-Term Corporate Bond ETF(x)		395,450		29,927,656

Total Exchange Traded Funds (97.8%) (Cost $83,881,473)				74,312,512

SHORT-TERM INVESTMENTS:
Investment Companies (2.8%)
Dreyfus Treasury Obligations Cash Management Fund(xx)		500,000		500,000
JPMorgan Prime Money Market Fund, IM Shares		1,621,986		1,622,635

Total Investment Companies				2,122,635


	Principal Amount		Value (Note 1)
Repurchase Agreements (24.5%)
Citigroup Global Markets, Inc., 2.98%, dated 9/30/22, due 10/3/22, repurchase price $5,001,242, collateralized by various U.S. Government Treasury Securities, ranging from 0.625%-5.250%, maturing 4/30/24-11/30/28; total market value $5,100,001.(xx)	$	5,000,000		5,000,000
Natwest Markets Securities, Inc., 2.97%, dated 9/30/22, due 10/3/22, repurchase price $13,641,990, collateralized by various U.S. Government Treasury Securities, ranging from 0.875%-7.500%, maturing 1/31/24-2/15/52; total market value $13,914,831.(xx)		13,638,615		13,638,615

Total Repurchase Agreements				18,638,615

Total Short-Term Investments (27.3%) (Cost $20,761,154)				20,761,250

Total Investments in Securities (125.1%) (Cost $104,642,627)				95,073,762
Other Assets Less Liabilities (-25.1%)				(19,083,569	)

Net Assets (100%)			$	75,990,193

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

1290 VT MODERATE GROWTH ALLOCATION PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

(x)

All or a portion of security is on loan at September 30, 2022.

(xx)

At September 30, 2022, the Portfolio had loaned securities with a total value of $19,226,414. This was collateralized by cash of $19,635,523 of which $19,138,615 was subsequently invested in an investment company and joint repurchase agreements.

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)		Total
Assets:
Exchange Traded Funds	$	74,312,512	$	—	$	—	$	74,312,512
Short-Term Investments
Investment Companies		2,122,635		—		—		2,122,635
Repurchase Agreements		—		18,638,615		—		18,638,615

Total Assets	$	76,435,147	$	18,638,615	$	—	$	95,073,762

Total Liabilities	$	—	$	—	$	—	$	—

Total	$	76,435,147	$	18,638,615	$	—	$	95,073,762


Aggregate gross unrealized appreciation	$	75,031
Aggregate gross unrealized depreciation		(9,921,206	)

Net unrealized depreciation	$	(9,846,175	)

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	104,919,937

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

1290 VT MULTI-ALTERNATIVE STRATEGIES PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
EXCHANGE TRADED FUNDS (ETF):
Alternatives (38.7%)
IQ Merger Arbitrage ETF(x)*		33,900	$	1,060,731
ProShares Long Online/Short Stores ETF(x)*		13,930		456,904
ProShares RAFI Long/Short, Escrow Shares(r)*		8,820		—
WisdomTree Managed Futures Strategy Fund		30,810		1,060,696

Total Alternatives				2,578,331

Commodity (16.6%)
Invesco DB Agriculture Fund*		14,080		281,882
Invesco DB Energy Fund*		12,090		273,597
Invesco DB Gold Fund*		5,320		249,118
Invesco DB Precious Metals Fund*		6,980		299,595

Total Commodity				1,104,192

Equity (15.9%)
iShares Core US REIT ETF		8,280		393,300
JPMorgan Equity Premium Income ETF		5,150		263,834
Vanguard Global ex-U.S. Real Estate ETF		10,480		399,917

Total Equity				1,057,051

Fixed Income (28.6%)
iShares Convertible Bond ETF(x)		11,960		824,044
Vanguard Short-Term Inflation-Protected Securities ETF(x)		22,420		1,078,626

Total Fixed Income				1,902,670

Total Exchange Traded Funds (99.8%) (Cost $7,838,507)				6,642,244

SHORT-TERM INVESTMENTS:
Investment Company (6.0%)
Dreyfus Treasury Obligations Cash Management Fund(xx)		400,000		400,000


	Principal Amount		Value (Note 1)
Repurchase Agreements (18.4%)
Natwest Markets Securities, Inc., 2.97%, dated 9/30/22, due 10/3/22, repurchase price $1,126,877, collateralized by various U.S. Government Treasury Securities, ranging from 0.875%-7.500%, maturing 1/31/24-2/15/52; total market value $1,149,414.(xx)	$	1,126,598		1,126,598
TD Prime Services LLC, 3.15%, dated 9/30/22, due 10/3/22, repurchase price $100,026, collateralized by various Common Stocks; total market value $110,029.(xx)		100,000		100,000

Total Repurchase Agreements				1,226,598

Total Short-Term Investments (24.4%) (Cost $1,626,598)				1,626,598

Total Investments in Securities (124.2%) (Cost $9,465,105)				8,268,842
Other Assets Less Liabilities (-24.2%)				(1,614,912	)

Net Assets (100%)			$	6,653,930

*	Non-income producing.

(r)

Value determined using significant unobservable inputs.

(x)

All or a portion of security is on loan at September 30, 2022.

(xx)

At September 30, 2022, the Portfolio had loaned securities with a total value of $1,645,442. This was collateralized by $67,321 of various U.S. Government Treasury Securities, ranging from 0.125% - 4.750%, maturing 10/31/22 - 11/15/50 and by cash of $1,626,598 which was subsequently invested in an investment company and joint repurchase agreements.

Glossary:

REIT — Real Estate Investment Trust

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

1290 VT MULTI-ALTERNATIVE STRATEGIES PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)

Investments in companies which were affiliates for nine months ended September 30, 2022, were as follows:


Security Description	Shares at September 30, 2022		Market Value December 31, 2021 ($)		Purchases at Cost ($)		Proceeds from Sales ($)			Net Realized Gain (Loss) ($)			Change in Unrealized Appreciation/ (Depreciation) ($)		Market Value September 30, 2022 ($)		Dividend/ Interest Income ($)		Capital Gain Distributions ($)
EXCHANGE TRADED FUNDS (ETF):
Alternatives
ProShares RAFI Long/Short		—		222,606		53,685		(292,701	)		(30,768	)		47,178		—		409		—

The following is a summary of the inputs, summarized in three broad levels, used to value the Portfolio’s assets and liabilities carried at fair value as of September 30, 2022:

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


Investment Type	Level 1 Quoted Prices in Active Markets for Identical Securities		Level 2 Significant Other Observable Inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)		Level 3 Significant Unobservable Inputs (including the Portfolio’s own assumptions in determining the fair value of investments)			Total
Assets:
Exchange Traded Funds
Exchange Traded Funds	$	6,642,244	$	—	$	—	(a)	$	6,642,244
Short-Term Investments
Investment Company		400,000		—		—			400,000
Repurchase Agreements		—		1,226,598		—			1,226,598

Total Assets	$	7,042,244	$	1,226,598	$	—		$	8,268,842

Total Liabilities	$	—	$	—	$	—		$	—

Total	$	7,042,244	$	1,226,598	$	—		$	8,268,842

(a)	Value is zero.


Aggregate gross unrealized appreciation	$	132,748
Aggregate gross unrealized depreciation		(1,390,693	)

Net unrealized depreciation	$	(1,257,945	)

Federal income tax cost of investments in securities and derivative instruments, if applicable	$	9,526,787

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

1290 VT CONVERTIBLE SECURITIES PORTFOLIO

PORTFOLIO OF INVESTMENTS

September 30, 2022 (Unaudited)


	Number of Shares		Value (Note 1)
CONVERTIBLE PREFERRED STOCKS:
Communication Services (1.1%)
*Media (0.1%)*
Paramount Global
5.750%(x)		1,295	$	40,016

*Wireless Telecommunication Services (1.0%)*
2020 Cash Mandatory Exchangeable Trust
5.250%*§		320		359,968

Total Communication Services				399,984

Consumer Discretionary (0.4%)
*Auto Components (0.4%)*
Aptiv plc
5.500%		1,590		151,368

Total Consumer Discretionary				151,368

Financials (4.9%)
*Banks (3.9%)*
Bank of America Corp.
7.250%		500		586,500
Wells Fargo & Co.
7.500%		645		776,580

				1,363,080

*Capital Markets (0.7%)*
AMG Capital Trust II
5.150%		1,115		54,216
KKR Group Co., Inc.
6.000%		3,705		201,626

				255,842

*Diversified Financial Services (0.3%)*
2020 Mandatory Exchangeable Trust
6.500%§		135		103,925

Total Financials				1,722,847

Health Care (2.3%)
*Health Care Equipment & Supplies (1.1%)*
Becton Dickinson and Co.
6.000%(x)		5,000		235,700
Boston Scientific Corp.
5.500%		1,275		129,056

				364,756

*Life Sciences Tools & Services (1.1%)*
Danaher Corp.
5.000%(x)		290		390,772

*Pharmaceuticals (0.1%)*
Elanco Animal Health, Inc.
5.000%		2,140		44,747

Total Health Care				800,275

Industrials (1.3%)
*Commercial Services & Supplies (0.3%)*
GFL Environmental, Inc.
6.000%		1,810		104,618

*Construction & Engineering (0.3%)*
Fluor Corp.
6.500%		75		93,240

*Machinery (0.4%)*
RBC Bearings, Inc.
5.000%		900		93,591
Stanley Black & Decker, Inc.
5.250%		1,400		69,048

				162,639

*Professional Services (0.3%)*
Clarivate plc
5.250%		2,200		93,808

Total Industrials				454,305

Information Technology (0.1%)
*Electronic Equipment, Instruments & Components (0.1%)*
Coherent Corp.
6.000%		295		46,156

Total Information Technology				46,156

Materials (0.5%)
*Metals & Mining (0.5%)*
ArcelorMittal SA
5.500%		3,520		170,051

Total Materials				170,051

Utilities (6.1%)
*Electric Utilities (4.3%)*
American Electric Power Co., Inc.
6.125%(x)		3,180		157,410
NextEra Energy, Inc.
6.926%*		21,630		1,040,564
PG&E Corp.
5.500%		2,725		311,304

				1,509,278

*Independent Power and Renewable Electricity Producers (0.4%)*
AES Corp. (The)
6.875%		1,425		125,927

*Multi-Utilities (1.4%)*
Algonquin Power & Utilities Corp.
7.750%		3,945		149,397
DTE Energy Co.
6.250%		4,395		220,366
NiSource, Inc.
7.750%(x)		1,175		118,193

				487,956

Total Utilities				2,123,161

Total Convertible Preferred Stocks (16.7%) (Cost $7,164,272)				5,868,147


	Principal Amount		Value (Note 1)
LONG-TERM DEBT SECURITIES:
Convertible Bonds (82.3%)
Communication Services (13.1%)
*Diversified Telecommunication Services (0.3%)*
Bandwidth, Inc.
0.250%, 3/1/26	$	90,000		58,230
Liberty Latin America Ltd.
2.000%, 7/15/24		65,000		56,837

				115,067

*Entertainment (4.1%)*
Bilibili, Inc.
1.375%, 4/1/26		60,000		54,816
0.500%, 12/1/26§		233,000		147,955
1.250%, 6/15/27		145,000		134,125
Cinemark Holdings, Inc.
4.500%, 8/15/25		80,000		89,720
iQIYI, Inc.
2.000%, 4/1/25		195,000		168,675
4.000%, 12/15/26		170,000		112,625
Liberty Media Corp-Liberty Formula One
2.250%, 8/15/27§		78,000		72,189
Live Nation Entertainment, Inc.
2.500%, 3/15/23		70,000		82,733
2.000%, 2/15/25		60,000		59,340
Sea Ltd.
2.375%, 12/1/25		185,000		181,560
0.250%, 9/15/26		470,000		325,475

				1,429,213

See Notes to Portfolio of Investments.

EQ ADVISORS TRUST

1290 VT CONVERTIBLE SECURITIES PORTFOLIO

PORTFOLIO OF INVESTMENTS (Continued)

September 30, 2022 (Unaudited)


	Principal Amount		Value (Note 1)
*Interactive Media & Services (3.8%)*
fuboTV, Inc.
3.250%, 2/15/26	$	45,000	$	21,397
Hello Group, Inc.
1.250%, 7/1/25		50,000		46,188
JOYY, Inc.
0.750%, 6/15/25		70,000		65,062
1.375%, 6/15/26		90,000		75,645
Snap, Inc.
0.250%, 5/1/25		55,000		49,968
0.750%, 8/1/26		110,000		94,545
(Zero Coupon), 5/1/27		225,000		155,137
0.125%, 3/1/28§		225,000		150,750
Twitter, Inc.
0.250%, 6/15/24		150,000		152,175