Strategy. The Portfolio pursues its investment objective by investing in other mutual funds in the same fund complex as the Portfolio (Underlying Portfolios) and in exchange-traded securities of other investment companies or investment vehicles (Underlying ETFs). Equitable Investment Management Group, LLC (EIM or Adviser), under the oversight of the Trusts Board of Trustees, has established an asset allocation target for the Portfolio. This target is the approximate percentage of the Portfolios assets that will be invested in equity investments, fixed income investments or alternative investments (referred to herein as asset classes) as represented by the holdings of the Underlying Portfolios and Underlying ETFs in which the Portfolio invests. The Portfolios current asset allocation target is to invest approximately 55% of its … Show more… The Portfolio pursues its investment objective by investing in other mutual funds in the same fund complex as the Portfolio (Underlying Portfolios) and in exchange-traded securities of other investment companies or investment vehicles (Underlying ETFs). Equitable Investment Management Group, LLC (EIM or Adviser), under the oversight of the Trusts Board of Trustees, has established an asset allocation target for the Portfolio. This target is the approximate percentage of the Portfolios assets that will be invested in equity investments, fixed income investments or alternative investments (referred to herein as asset classes) as represented by the holdings of the Underlying Portfolios and Underlying ETFs in which the Portfolio invests. The Portfolios current asset allocation target is to invest approximately 55% of its assets in equity investments, 25% of its assets in fixed income investments, and 20% of its assets in alternative investments through investments in Underlying Portfolios and Underlying ETFs. This asset allocation target may be changed by the Adviser and the Trusts Board of Trustees without notice or shareholder approval. The other mutual funds in the same fund complex as the Portfolio are managed by the Adviser or Equitable Investment Management, LLC, an affiliate of the Adviser. Alternative investments are different from traditional equity or fixed income investments. Alternative investments have the potential to enhance portfolio diversification and reduce overall portfolio volatility because the performance of alternative investments is not expected to correlate closely with more traditional investments. Alternative investments may include, for example, convertible securities, investments in certain industries or sectors (e.g., infrastructure), Underlying ETFs that invest in commodities and other instruments that derive their value from natural resources, the 1290 VT Natural Resources Portfolio, the 1290 VT Real Estate Portfolio and other instruments that derive their value from real estate, and the 1290 VT GAMCO Mergers & Acquisitions Portfolio. In addition, the Portfolio may invest in Underlying Portfolios and Underlying ETFs that employ derivatives for a variety of purposes, including to reduce risk, and/or to seek enhanced returns from certain asset classes. The Portfolio also may invest in Underlying Portfolios and Underlying ETFs that invest in inflation-indexed bonds, which are fixed income securities that are structured to provide protection against inflation. Subject to the asset allocation target set forth above, the Adviser also has established target investment percentages for each asset category in which the Portfolio invests. As used in this Prospectus, the term asset category refers to specific types of securities or other instruments within each asset class (e.g., large cap equity securities, micro/small/mid cap equity securities, foreign/emerging markets securities, real estate investment trusts (REITs), investment grade bonds and high yield bonds (also known as junk bonds)). Each target investment percentage is an approximate percentage of the Portfolios assets that is invested in a particular asset category through investments in Underlying Portfolios or Underlying ETFs whose individual holdings fall within such asset category. Under the Portfolios current target investment percentages, it generally invests its assets in a combination of Underlying Portfolios or Underlying ETFs that results in the Portfolio being invested in the following asset categories in the approximate percentages shown in the table below. The Adviser may change these targets from time to time. Actual allocations can deviate from the amounts shown below by up to 15% for each asset class and asset category. The REITs, other alternative investments, investment grade bond and high yield bond categories may include both U.S. and foreign issuers. Asset Class Range of Equity 55% Large Cap Equity Securities 20% Micro/Small/Mid Cap Equity Securities 15% Foreign/Emerging Markets Securities 20% Range of Fixed Income 25% Investment Grade Bonds 23% High Yield Bonds 2% Range of Alternative Investments 20% REITs 5% Other Alternatives 15% The Adviser selects the Underlying Portfolios and Underlying ETFs in which to invest the Portfolios assets. The Adviser may add new Underlying Portfolios and Underlying ETFs or replace or eliminate existing Underlying Portfolios and Underlying ETFs without notice or shareholder approval. The Underlying Portfolios and Underlying ETFs have been selected to represent what the Adviser believes is a reasonable spectrum of investment options for the Portfolio. The Adviser has based the asset allocation target and target investment percentages for the Portfolio on a variety of factors, including the degree to which it believes the Underlying Portfolios and Underlying ETFs, in combination, are appropriate for the Portfolios investment objective. The Adviser may sell the Portfolios holdings for a variety of reasons, including to invest in an Underlying Portfolio or Underlying ETF that the Adviser believes offers superior investment opportunities. The Underlying ETFs are investment companies or other investment vehicles whose shares are listed and traded on U.S. stock exchanges or otherwise traded in the over-the-counter market and may be purchased and sold throughout the trading day based on their market price. Generally, a passively managed (or index-based) ETF seeks to track a securities index or a basket of securities that an index provider (such as Standard & Poors, Morgan Stanley Capital International (MSCI), or FTSE Group) selects as representative of a market, market segment, industry , sector, country or geographic region. An index-based ETF generally holds the same stocks, bonds or other instruments as the index it seeks to track (or it may hold a representative sample of such instruments). Accordingly, an index-based ETF is designed so that its performance will correspond closely with that of the index it seeks to track. ETFs also may be actively managed. Show less