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Performance Information

• How can I obtain performance information?
  AXA-Equitable.com displays monthly and quarterly annualized rates of return for the portfolios available within most of our variable life and annuity contracts. Select the "View" link under "Performance Information" on the Portfolio Summary page.

  Performance information is a two-page report, showing the month-end and the quarter-end annualized rates of return of the EQ Advisors Trust Portfolios. To ensure that you have a clear understanding of the numbers that are presented, it is essential that you read both of the reports and the footnotes on each. Use the page down key or the scroll bar to view the second report.

  Some information to keep in mind as you review these reports:

  • Annualized rates of return are based on the percentage change in net asset value with dividends and capital gains reinvested
  • Investment Performance of the Equitable Advisors Trust (the Trust is a mutual fund which holds portfolios that correspond to the investment options available under your variable life policy) is calculated after deduction of investment management fees and direct operating expense of the Trust
  • This performance calculation is not representative of the actual return you would receive under your variable life insurance policy. Changes in policy values depend not only on the investment performance of the Trust but also on the insurance and administrative charges, sales charges and the mortality and expense risk charges applicable under a policy. These policy charges effectively reduce the dollar amount of any net gains and increase the dollar amount of any net losses.
  • The investment options available under your variable life contract are not publicly traded mutual funds. As such, they do not have security or ticker symbols like publicly traded mutual funds and cannot be accessed via public mutual fund lookup sites.
  • Please note that while some of these investment options may have similar names, investment managers and investment objectives as publicly traded mutual funds, they are completely separate portfolios that are collectively administered through the Equitable Advisors Trust. In general, you should be aware of the differences when comparing performance of mutual funds and their variable annuity or variable life counterpart portfolios.
    Major factors that can contribute to these differences include:
  • The portfolio's underlying fee structure (management and administrative expenses)
  • Insurance and contract related charges in addition to management expenses (not applicable to mutual funds)
  • The timing of the portfolio's purchase and sale of securities
  • Differences in cash flows (new sales and redemptions)
  • Other strategies employed by the fund manager for tax purposes (not applicable to variable portfolios given their tax-deferred status)

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• Why does the rate of return differ, between different variable products, for the same investment option?
  Annualized rates of return may differ because the fees and expenses associated with the particular investment option are different under the two products. Check your policy/contract prospectus for detail on the fees and expenses of the investment portfolios.

  Note that Annualized Rates of Return are not representative of the actual return you would receive under your policy. Changes in policy values depend not only on the investment performance of the various options, but also on applicable insurance and administrative charges, applicable sales charges and the mortality and expense risk charges that are deducted. Premiums or contributions made to your policy, as well as any loans or withdrawals, will also affect its values.

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