Investment objective & strategy
As of April 28, 2025 · prospectusObjective. Seeks to achieve long-term growth of capital.
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 companies principally engaged in the technology sector. Such companies include, among others, those in internet products and services, computers, electronics, hardware and components, communications, software, e-commerce, information services, healthcare equipment and services, including medical devices, biotechnology, chemical products and synthetic materials, defense and aerospace, environmental services, nanotechnology, energy equipment and services, electronic manufacturing services, data and payment processing, and outsourced services. In addition, securities of companies in the technology sector may include financial instruments that derive their value from the securities of such companies. The Portfolio may invest in companies of any size and can invest … Under normal circumstances, the Portfolio intends to invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of companies principally engaged in the technology sector. Such companies include, among others, those in internet products and services, computers, electronics, hardware and components, communications, software, e-commerce, information services, healthcare equipment and services, including medical devices, biotechnology, chemical products and synthetic materials, defense and aerospace, environmental services, nanotechnology, energy equipment and services, electronic manufacturing services, data and payment processing, and outsourced services. In addition, securities of companies in the technology sector may include financial instruments that derive their value from the securities of such companies. The Portfolio may invest in companies of any size and can invest in securities of both U.S. and foreign companies. The Portfolio intends to invest primarily in common stocks, but it may also invest in other securities that a Sub-Adviser believes provide opportunities for capital growth. Equitable Investment Management Group, LLC (the Adviser) will generally allocate the Portfolios assets among three or more Sub-Advisers, each of which manages its portion of the Portfolio using different yet complementary investment strategies. Under normal circumstances, one or more portions of the Portfolio will be actively managed (Active Allocated Portions), one portion of the Portfolio will invest in exchange-traded funds (ETFs) (ETF Allocated Portion), and another portion of the Portfolio will seek to track the performance of a particular index (Index Allocated Portion). Under normal circumstances, the Adviser allocates approximately 50% of the Portfolios net assets among the Active Allocated Portions, approximately 30% of the Portfolios net assets to the ETF Allocated Portion, and approximately 20% of the Portfolios net assets to the Index Allocated Portion. These percentages are targets established by the Adviser; actual allocations to the Active Allocated Portions and Index Allocated Portion may deviate from these targets by up to 20% of the Portfolios net assets, and the actual allocation to the ETF Allocated Portion may deviate from the target by up to 5% of the Portfolios net assets. The Active Allocated Portions Sub-Advisers select securities based upon fundamental analysis, such as an analysis of earnings, cash flows, competitive position and managements abilities. A Sub-Adviser may sell a security for a variety of reasons, such as to make other investments believed by the Sub-Adviser to offer superior investment opportunities. The ETF Allocated Portion invests in ETFs that meet the investment criteria of the Portfolio as a whole. The ETFs in which the ETF Allocated Portion may invest may be changed from time to time without notice or shareholder approval. An investor in the Portfolio will bear the expenses of the Portfolio as well as the indirect expenses associated with the ETFs held by the ETF Allocated Portion and, if applicable, the Index Allocated Portion. The Index Allocated Portion seeks to track the performance (before fees and expenses) of the S&P North American Technology Sector 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. The Index Allocated Portion also may invest in ETFs that seek to track the S&P North American Technology Sector Index to obtain comparable exposure as the index without buying the underlying securities comprising the index. The Portfolio will concentrate its investments in the related group of industries consisting of the technology industries (e.g., computers, electronics (including hardware and components), communications, software, e-commerce, information service, biotechnology, chemical products and synthetic materials, and defense and aerospace industries).
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| iShares Expanded Tech Sector ETF | — | $133.54M | 7.12% |
| VANGUARD INF T E | VGT | $127.68M | 6.81% |
| TECHNOLOGY SELECT SECT SPDR MUTUAL FUND | XLK | $127.20M | 6.78% |
| MICROSOFT CORP | — | $114.44M | 6.10% |
| NVIDIA CORP | — | $105.07M | 5.60% |
| APPLE INC | — | $102.97M | 5.49% |
| BROADCOM INC | — | $94.87M | 5.06% |
| ALPHABET INC CL A | — | $86.01M | 4.58% |
| META PLATFORMS INC CL A | — | $56.31M | 3.00% |
| TSMC | — | $56.27M | 3.00% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| iShares Expanded Tech Sector ETF · IGM | 58% | 0.39% |
| Technology Fund · RYTIX, RYTAX, RYTHX, RYCHX | 54% | 1.40% |
| Technology Fund | 54% | 1.73% |
Advisers
| Firm | Role |
|---|---|
| Wellington Management Company LLP | Sub-adviser |
| AllianceBernstein L.P. | Sub-adviser |
| FIAM LLC | Sub-adviser |
| Equitable Investment Management Group, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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