06/12/2025 | Press release | Distributed by Public on 06/12/2025 10:58
EQ ADVISORS TRUSTSM
EQ/JPMorgan Value Opportunities Portfolio
SUPPLEMENT DATED JUNE 12, 2025 TO THE SUMMARY PROSPECTUS, PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 2025, 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, 2025, 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 immediately, the following changes are being made to the Summary Prospectus, Prospectus and SAI:
The section of the Summary Prospectus and Prospectus entitled "EQ/JPMorgan Value Opportunities Portfolio - WHO MANAGES THE PORTFOLIO - Sub-Adviser: J.P. Morgan Investment Management Inc. ("JPMorgan" or the "Sub-Adviser")" is amended by deleting the table in its entirety and replacing it with the following table:
Portfolio Managers: The members of the team that are jointly and primarily responsible for the securities selection, research and trading for the Portfolio are:
Name | Title |
Date Began Managing the Portfolio |
||
Scott Blasdell |
Managing Director of JPMorgan | May 2013 | ||
John P. Piccard |
Executive Director of JPMorgan | June 2025 |
The section of the Prospectus entitled "Management of the Trust - The Sub-Advisers - J.P. Morgan Investment Management Inc. ("JPMorgan")" is amended to delete the first paragraph and replace with the following information:
Scott Blasdell and John P. Piccard are the portfolio managers jointly and primary responsible for the investment decisions for the EQ/JPMorgan Value Opportunities Portfolio.
Scott Blasdell, Managing Director, is a portfolio manager in the U.S. Equity Group responsible for Large Cap Value portfolios. Mr. Blasdell joined JPMorgan in 1999 as a research analyst, became a portfolio manager for REIT strategies in 2001, then moved to the U.S. Disciplined Equity Team in 2008 to manage large cap core and value strategies. He is also a CFA charterholder.
John P. Piccard, Executive Director, is a portfolio manager on the Large Cap Value Team. Mr. Piccard joined JPMorgan in 1992 as an associate in asset-liability and proprietary portfolio management. He joined JPMorgan as a large cap portfolio manager in 2001. He worked for another asset management firm as a portfolio manager from 2004 to 2014, then rejoined JPMorgan in 2014. He is also a CFA charterholder.
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The section of the SAI entitled "Appendix B - EQ Advisors Trust - Portfolio Manager Information - J.P. MORGAN INVESTMENT MANAGEMENT INC. ("JPMorgan")" is amended to include the following information:
J.P. Morgan Investment Management Inc. ("JPMorgan" 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 April 30, 2025 |
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 ($MM) |
Number of Accounts |
Total
Assets |
Number of Accounts |
Total
Assets |
Number of Accounts |
Total Assets ($MM) |
Number of Accounts |
Total Assets ($MM) |
|||||||||||||
EQ/JPMorgan Value Opportunities Portfolio | ||||||||||||||||||||||||
John P. Piccard |
4 | $8,664 | 1 | $49 | 2 | $273 | 0 | N/A | 0 | N/A | 0 | N/A |
Ownership of Shares of the Portfolio as of April 30, 2025
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 |
|||||||
EQ/JPMorgan Value Opportunities Portfolio | ||||||||||||||
John P. Piccard |
X |